Paul Atkins faced intense scrutiny at his Senate Banking Committee hearing on March 26, 2025. Atkins, whom President Trump nominated to lead the S.E.C., was asked about his extensive ties to the corporate world.

Paul Atkins was a commissioner at the SEC from 2002 to 2008. He went on to start Patomak Global Partners, and consulted for companies including Goldman Sachs and Fidelity.

Atkins’ ties to the cryptocurrency sector have sparked even more concerns. His recent resignation from boards related to digital commerce and a promise to divest from crypto investments also suggest the scrutiny says on his role in SEC policies.

The Senate hearing showcased mixed opinions on Atkins. Senator Elizabeth Warren called into question his past corporate ties, urging a focus on public protection. In contrast, other officials suggested his extensive experience could benefit the SEC.

If confirmed, Atkins could shift the SEC towards deregulation. His past emphasis on reducing corporate penalties and disclosure requirements may favor business interests.

Atkins' SEC leadership could reshape how cryptocurrency is regulated. His close ties to the crypto industry may influence SEC policies, potentially aligning them with industry interests.

Setting that aside, Paul Atkins’s nomination is indicative of an important fight over financial regulation.