Paul Atkins, the nominee for chairman of the U.S. Securities and Exchange Commission, has pledged to further investigate the FTX collapse

ChainCatcher News, the nominee for Chairman of the U.S. Securities and Exchange Commission, Paul Atkins, attended the confirmation hearing of the Senate Banking Committee, where he emphasized the necessity of establishing rules for digital asset management in his testimony, stating that this is an urgent challenge for both innovation and investor protection. Paul Atkins also criticized certain actions taken during Gary Gensler's tenure and committed to further investigating the FTX collapse to ensure a thorough examination of the incident, thereby protecting investors, promoting efficient markets, and facilitating capital formation.

In response to questions from Senator Elizabeth Warren, Paul Atkins emphasized the need to divest all financial assets that may present conflicts of interest, including crypto-related assets and his consulting firm, Patomak Global Partners.