SEC Chair Nominee Paul Atkins Resigns from Crypto Boards Amid Controversy

According to Odaily, U.S. President Donald Trump's nominee for the U.S. Securities and Exchange Commission (SEC) chair, Paul Atkins, has stepped down from his positions on the boards of the Chamber of Digital Commerce and its Token Alliance. This decision comes amid criticism from Senator Elizabeth Warren, who expressed concerns over Atkins' close ties to the cryptocurrency industry. Documents submitted to the U.S. Office of Government Ethics reveal that Atkins has also pledged to divest from Off the Chain Capital within 120 days of assuming office. Warren had previously highlighted that the Chamber of Digital Commerce is a registered lobbying group for the cryptocurrency sector, raising questions about Atkins' impartiality and commitment to serving the public interest if confirmed as the next SEC chair.