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U.S. Senator Elizabeth Warren pressured SEC chair nominee Paul Atkins, questioning his connections to FTX and Trump's crypto assets.
On March 25, U.S. Senator Elizabeth Warren sent a 34-page inquiry letter to SEC chairman nominee Paul Atkins, focusing on his connections with the bankrupt crypto exchange FTX and the potential conflict of interest arising from the Memecoin issued by Trump. Warren pointed out in the letter that the consulting firm Patomak Global Partners, founded by Atkins, provided advisory services for FTX in 2022 and has multiple clients in banks, crypto exchanges, and DeFi platforms. He also joined the advisory board of the blockchain industry association The Digital Chamber in 2020. Warren questioned whether Atkins' close ties to crypto clients would affect his stance on crypto regulation and asked whether he had ever provided advice directly to the former CEO of FTX, Sam Bankman-Fried. Atkins is scheduled to attend the Senate Banking Committee's nomination hearing on Thursday. Patomak Global Partners has yet to comment on this.