The United States Senate Banking Committee has voted to advance the confirmations of the selections of President Donald Trump to administer the stock exchange and securities commission and the Office of the Comptroller of La Moneda, both key positions for the future US regulation of the cryptographic sector.
Paul Atkins nominations to permanently assume the SEC of former President Gary Gensler and Jonathan Gould to lead the bank regulator now moves to consideration by the general Senate. The approvals there will allow ATKINS and GOULD to begin to work in the regulatory agencies.
Atkins and Gould advanced under the votes of the party line in the committee on Thursday, each 13-11.
The president of the Committee, Tim Scott, Republican of South Carolina, praised the nominees before the vote.
“Paul Atkins, the former sec commissioner, will promote capital formation and will provide very necessary clarity for digital assets,” Scott said. And from Gould, he said that the nominee, once the main lawyer in the OCC, “will end the politically motivated debate”, an important complaint for the cryptographic industry.
Senator Elizabeth Warren, the committee’s classification democrat, issued some last -minute criticisms of the nominees before rejecting them all.
“Mr. Atkins was completely wrong in the period prior to the worst financial crisis in a generation,” said Atkins’ previous mandate in the SEC in the period prior to the world’s world financial crisis, and added Gould’s previous time in the West that “the rules weakened and helped undermine” the safety and solidity of the banking system.
The recent confirmation hearing for the nominees did not address cryptography problems with significant depth, although both would be very involved in the future regulation of the industry.
Read more: Trump’s choice to direct the SEC Paul Atkins promises a new cryptographic position, receives few questions
