Former SEC Commissioner Paul Atkins testifies.

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2 days ago
Senate panel advances Trump’s picks for Wall Street and banking regulators
The committee approved Paul Atkins’ nomination to be SEC chair on a party-line vote.


The Senate Banking Committee on Thursday approved President Donald Trump’s pick for a new top Wall Street regulator and other key financial nominees who will help carry out his administration’s deregulatory agenda.

On a 13-11 vote, along party lines, the panel advanced the nomination of special lead Paul Atkins to be chair of the Securities and Exchange Commission. Atkins is a former SEC commissioner who has worked as a consultant to many of the biggest financial firms over the last 16 years. He has indicated he would take a lighter-touch regulatory approach to cryptocurrency markets, enforcement, and the rules around how companies raise money in the U.S.