Next US SEC Chairman Meets with Senate Banking Committee Member Tim Scott

According to the official X (formerly Twitter) of the US Senate Banking Committee on the 7th (local time), Paul Atkins, the nominee for the new chairman of the US Securities and Exchange Commission (SEC) under the Donald Trump administration, visited the office of Tim Scott, a member of the US Senate Banking Committee, for a meeting.

Senator Tim Scott stated, "Paul Atkins has supported policies that promote capital formation and job creation throughout his career," adding, "His extensive experience in financial regulation will play a crucial role in recovering the damage Gary Gensler, the SEC chairman, has inflicted on the US capital markets."

He further emphasized, "He understands well how important regulatory clarity is to the cryptocurrency industry and the millions of Americans who want access to this asset class."

Previously, Paul Atkins served as a Republican SEC commissioner during the George Bush administration and has been known for advocating free markets and supporting cryptocurrencies.