Paul Atkins, nominated by President Donald Trump to lead the SEC, is approaching a potential confirmation with a Senate hearing scheduled for March 27. Although there have been delays primarily due to financial disclosures linked to his family's significant wealth, progress is being made. The Senate Banking Committee, chaired by Tim Scott, will review Atkins' nomination and has scheduled a bipartisan meeting on March 21. Despite the legislative hold-up, Atkins, a former SEC commissioner from 2002 to 2008, is expected to adopt a more collaborative approach to cryptocurrency regulation compared to former chair Gary Gensler. Since Gensler's departure on January 20, the SEC has been led by Acting Chair Richard Uyeda, who has already shifted focus away from several Gensler-era investigations and proposed rule changes. With the SEC seats traditionally taking time to fill after presidential transitions, Atkins' nomination remains under close scrutiny as the committee awaits the necessary paperwork.

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