The post Paul Atkins’ Indirect Crypto Holdings Raise Questions Ahead of SEC Confirmation Hearings appeared on BitcoinEthereumNews.com.

Paul Atkins, nominated as the next SEC Chair by Trump, disclosed significant crypto investments prior to crucial Senate hearings, raising red flags about potential conflicts of interest. Senator Elizabeth Warren has voiced her skepticism over Atkins’ crypto ties, warning that they could compromise his regulatory impartiality. Internal strife within the SEC is apparent as Commissioner Hester Peirce opposes recent budget cuts, which she argues could weaken the Commission’s regulatory capabilities. Paul Atkins’ financial disclosures reveal up to $6 million in crypto exposure, raising eyebrows in the SEC ahead of his confirmation hearings amidst regulatory concerns. Paul Atkins Reveals Crypto Exposure Since the departure of former Chair Gary Gensler, the SEC has been in a transitional phase without a permanent leader. With President Trump’s nomination of Paul Atkins for the position, the agency has sparked discussions on the future direction of cryptocurrency regulation in the U.S. Facing Senate confirmation hearings, Atkins disclosed his financial holdings, which include up to $6 million in multiple indirect crypto investments. Of this figure, approximately $1 million is linked directly to notable firms such as Securitize, a tokenization initiative under BlackRock, where Atkins served on the board, and Anchorage Digital. The remaining $5 million is allocated to Off The Chain Capital, where Atkins holds limited partnership shares. While these investments are classified as indirect and do not include actual cryptocurrency holdings, the influential position of the SEC raises concerns about the amount of influence the crypto sector holds over regulatory practices. In a recent letter, Senator Elizabeth Warren articulated her concerns regarding these investments, stating: “Mr. Atkins, your previous advisory roles and financial connections to the crypto industry could undermine your ability to regulate fairly. The same companies you worked with will now be under your scrutiny, which presents substantial challenges to your impartiality if confirmed,”…

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Filed under: News - @ March 27, 2025 7:28 pm