SEC Nominee Meets with Pro-Crypto Republican Senator

As the market focuses on Paul Atkins' stance on cryptocurrency, the new SEC nominee appears to be preparing for his official duties.

According to Cointelegraph on the 8th, Paul Atkins, the incoming SEC Commissioner, met with Cynthia Lummis, a Republican Senator from Wyoming, to discuss cryptocurrency-related legislation and regulatory reform.

Senator Cynthia Lummis is a prominent pro-crypto politician who proposed the introduction of Bitcoin as a strategic reserve asset.

Meanwhile, it was reported that Paul Atkins also had discussions with Tim Scott, a member of the U.S. Senate Banking Committee.

Senator 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 from the damage Gary Gensler, the SEC Chairman, has done to the U.S. capital markets." Senator Scott further noted, "He understands how important regulatory clarity is to the millions of Americans who want access to the cryptocurrency industry and this asset class."