US lawmakers in the Senate Banking Committee have voted to confirm Paul Atkins as a member of the Securities and Exchange Commission (SEC), advancing his nomination to the full Senate. In an executive session on April 3, the committee voted 13-11 for Atkins to serve two consecutive terms, taking over from former Chair Gary Gensler and extending until 2031. Committee chair Tim Scott praised Atkins, stating he would provide necessary clarity for digital assets. However, ranking member Elizabeth Warren expressed concern that Atkins would support billionaire fraudsters, citing figures like Sam Bankman-Fried and Elon Musk. The nomination is expected to pass the Republican-controlled Senate floor vote, where Atkins is anticipated to gain confirmation soon.

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