The new SEC chairman may attend a Senate hearing on March 27 to review his nomination

Odaily Planet Daily News According to Semafor reporter Eleanor Mueller, Paul Atkins, the SEC chairman candidate nominated by US President Trump, is advancing the appointment process, and Tim Scott, chairman of the Senate Banking, Housing and Urban Affairs Committee, plans to hold a hearing on March 27 to review his nomination. Previously, Atkins' confirmation process was delayed due to financial disclosure issues. Atkins served as an SEC commissioner from 2002 to 2008 and worked as a corporate lawyer at Davis Polk & Wardwell LLP before joining the SEC. It is expected that Atkins may take a friendlier attitude towards cryptocurrency regulation than former SEC Chairman Gary Gensler. Mark Uyeda has served as acting chairman of the SEC since Gary Gensler stepped down on January 20. During this period, the SEC established a cryptocurrency task force led by Commissioner Hester Peirce and abolished the requirement that financial companies record crypto assets as liabilities. In addition, the SEC under Uyeda recently withdrew multiple investigations and lawsuits against companies such as Coinbase, Consensys, Robinhood, Gemini, Uniswap, and OpenSea, and considered abandoning regulations requiring crypto companies to register as exchanges. (Cointelegraph)