US Senator Elizabeth Warren Pressures SEC Chairman Nominee Paul Atkins on His Connection to FTX and Trump Cryptocurrency

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On March 25, U.S. Senator Elizabeth Warren sent a 34-page inquiry letter to SEC Chair nominee Paul Atkins, focusing on his connections with the bankrupt crypto exchange FTX and potential conflicts of interest from Trump's issued Memecoin. Warren noted that Atkins' consulting firm Patomak Global Partners provided advisory services to FTX in 2022 and has multiple clients including banks, crypto exchanges, and DeFi platforms. He also joined the advisory board of the blockchain industry association The Digital Chamber in 2020. Warren questioned whether Atkins' close relationships with crypto clients would affect his stance on crypto regulation and asked if he had directly advised FTX's former CEO Sam Bankman-Fried. Atkins is set to attend the nomination hearing at the Senate Banking Committee on Thursday. Currently, Patomak Global Partners has not commented on this matter.

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