Prospective SEC chair pressed on sale of FTX-tied firm

Lawmakers in the US Senate Banking Committee questioned prospective Securities and Exchange Commission (SEC) member Paul Atkins on his ties to the crypto industry and how he might regulate digital assets if confirmed. Questioning Atkins at his nomination hearing on March 27, Massachusetts Senator Elizabeth Warren said the former SEC commissioner had had “staggeringly bad judgment” in his role leading up to the 2008 financial crisis — Atkins served at the agency from 2002 to 2008. Sen. Warren also asked Atkins to disclose the buyers of his consulting firm Patomak Global Partners — which advised crypto exchange FTX before its collapse in 2022 — for transparency about potential conflicts of interest with the digital asset industry source: https://cointelegraph.com/news/senator-elizabeth-warren-paul-atkins-hearing-conflicts-interest-ftx?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound