The U.S. Senate Committee on Banking, Housing and Urban Affairs published a statement from Senator Tim Scott following his meeting with Paul Atkins, President Trump’s nominee to chair the Securities and Exchange Commission (SEC), signalling support for the nomination and urging a rapid consideration process. Scott argued that Atkins’ background in financial regulation and support for policies aimed at capital formation and job creation would help reverse what he described as harm to capital markets under current SEC Chair Gary Gensler. He also highlighted Atkins’ emphasis on regulatory clarity for the digital assets industry and broader access to that asset class.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-01-07
U.S. Senate Committee on Banking, Housing and Urban Affairs issues Tim Scott statement supporting Paul Atkins as SEC chair nominee
Senator Tim Scott expressed support for Paul Atkins, President Trump’s nominee for SEC Chair, following their meeting. Scott emphasized Atkins' regulatory background and focus on capital formation, job creation, and regulatory clarity for digital assets. He urged a swift consideration process, criticizing current SEC Chair Gary Gensler's impact on capital markets.