Paul #Atkins , the person nominated by President Trump to lead the U.S. Securities and Exchange Commission (#SEC ), will testify before the U.S. Senate today to gain confirmation for the position of SEC Chair.

For many years, Atkins has clearly asserted his support for clearer regulations on crypto without imposing unnecessary oversight, and he intends to reiterate this viewpoint.

"I have witnessed how ambiguous or nonexistent regulations on digital assets create market instability and stifle innovation.

"... My top priority during my term will be to collaborate with other SEC commissioners and Congress to establish a solid regulatory framework for digital assets through a reasonable, consistent, and principled approach."

Senator Elizabeth Warren will lead the attack against him from the perspective of conflicts of interest, questioning him about his work at his law firm in advising financial and crypto companies.

It is likely that Paul Atkins will be confirmed as the new Chair of the SEC because he is considered highly competent and has previously served as an SEC Commissioner.