Paul Atkins has moved closer to becoming the new Chairman of the Securities and Exchange Commission (SEC), following a recent 13-11 vote by the U.S. Senate Banking Committee. All Democratic members opposed Trump's nomination, which indicates a divided opinion on Atkins' candidacy. The nomination now proceeds to the Senate floor for a full vote. Atkins is expected to be a pro-crypto SEC Chair, which raises expectations about potential regulatory changes in the cryptocurrency industry. This development comes amid ongoing discussions around SEC leadership and regulatory policies affecting various sectors of the financial market.
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