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Image Credit: Coin Telegraph

Prospective SEC chair pressed on sale of FTX-tied firm

  • Lawmakers in the US Senate Banking Committee questioned prospective SEC member Paul Atkins on his ties to the crypto industry and potential regulation of digital assets.
  • Atkins was asked to disclose the buyers of his consulting firm Patomak Global Partners, which advised crypto exchange FTX before its collapse.
  • Sen. Elizabeth Warren raised concerns about potential conflicts of interest and suggested that the sale of Patomak could be a 'pre-bribe' for Atkins' services.
  • Atkins, who served as an SEC commissioner from 2002 to 2008, is nominated as the potential SEC chair to replace Gary Gensler.

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