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The Senate Banking Committee has reportedly delayed its vote on the nomination of Paul Atkins as the next chair of the U.S. Securities and Exchange Commission Journalist and host of Crypto in America podcast Eleanor Terrett, shared this development via X. The former FOX Business reporter cited a Senate aide as the source of the news. According to the aide, the committee will “not vote today on Atkins or the other nominees, as is typical practice.” Instead, nominees will be required to submit written responses to committee questions ahead of a markup vote. A date for that vote has not yet been set. 🚨NEW: A Senate aide tells me there will be no committee vote today on Atkins or other nominees, as is typical practice. Nominees will be required to answer questions submitted for the record ahead of a markup vote. The vote will come at a later date, TBD. https://t.co/Zk3i6aqyUs — Eleanor Terrett (@EleanorTerrett) March 27, 2025 Atkins’ nomination and the SEC’s shifting stance Atkins, President Donald Trump’s pick to replace former SEC chair Gary Gensler, faced the Senate’s banking committee on March 27. Lawmakers also held a confirmation hearing for Jonathan Gould, nominated to lead the Office of the Comptroller of the Currency. Gensler’s time at the helm of the top securities watchdog in the US is mostly seen as negative and anti-crypto. His regulation by enforcement action approach that saw SEC sue multiple crypto companies and launched investigations against several is one of the things the commission is looking to drop completely. Indeed, several cryptocurrencies rallied in the wake of the ex-SEC chair’s resignation. Despite Gensler’s exit, regulation remains a top topic in crypto. Recent moves to withdraw lawsuits and end investigations suggests this is the case. Facing questions from the banking committee, Atkins says the SEC…

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Filed under: News - @ March 28, 2025 2:19 am