The U.S. Senate Banking Committee has advanced the nomination of Paul Atkins as the new Chair of the Securities and Exchange Commission (SEC) with a narrow 13-11 vote. All Democratic members opposed the nomination, reflecting deep partisan divisions. Atkins, who was nominated by President Trump, is anticipated to hold a pro-crypto stance if confirmed. His nomination will now proceed to the full Senate for a vote, marking a significant step in filling the top regulatory position overseeing securities and exchanges in the U.S. The outcome of Atkins' nomination could impact future regulatory approaches towards cryptocurrencies and other digital assets, as the SEC under his leadership may adopt policies more favorable to the crypto industry.

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