Nominee for Chairman of the U.S. Securities and Exchange Commission, Paul Atkins, promises to further investigate the FTX crash incident

Nominee for the chair of the U.S. Securities and Exchange Commission, Paul Atkins, attended a confirmation hearing at the Senate Banking Committee where he emphasized in his testimony the necessity of establishing rules for digital asset management, calling it an urgent challenge for both innovation and investor protection. Paul Atkins also criticized some work done during Gary Gensler's term and promised to further investigate the FTX crash incident to ensure that it is thoroughly investigated, thereby protecting investors, promoting efficient markets and capital formation.

In response to Senator Elizabeth Warren's inquiry, Paul Atkins stressed that he will divest all financial assets that may have potential conflicts of interest, including those related to crypto-assets and his consulting firm Patomak Global Partners.