Paul Atkins, nominee for Chairman of the US Securities and Exchange Commission, promises to further investigate the FTX crash incident

According to a report by Golden Finance, Paul Atkins, the nominee for Chairman of the U.S. Securities and Exchange Commission, attended the confirmation hearing of the Senate Banking Committee. In his testimony, he emphasized the necessity of developing digital asset management rules and stated that this is an urgent challenge for innovation and investor protection. Paul Atkins also criticized certain work during Gary Gensler's tenure and promised to further investigate the FTX crash to ensure a thorough investigation, thereby protecting investors, promoting efficient markets, and facilitating capital formation. Paul Atkins emphasized in response to Senator Elizabeth Warren's inquiry that he will divest all financial assets that may have conflicts of interest, including assets related to cryptocurrency and his consulting firm Patomak Global Partners.