SEC Chairman-elect Paul Atkins' asset disclosure: The total assets held with his wife exceed US$327 million, and he was questioned before the inauguration hearing
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2025-03-26 08:02 8,178
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Golden Finance reported that Paul Atkins, the Securities and Exchange Commission (SEC) president nominated by U.S. President Donald Trump, disclosed that his total assets held by his wife Sarah Humphreys totaled at least $327 million, raising concerns about the fairness of his future regulation of the cryptocurrency industry. His wife, Humphreys, holds a 75% stake in roofing materials company Tamko (founded by his grandfather), and Atkins himself holds a membership interest of $25 million to $50 million in Patomak Global Partners, a consulting firm he founded. Atkins' investment in the crypto space covers call options from real-world asset tokenization platform Securities, worth $250,000 to $500,000; and a fintech company Pontoro, which holds $50,000 to $100,000. Atkins previously promised that if the nomination was approved, he would resign from his position as CEO of Patomak and sell the relevant equity.
Democratic anti-crypto senator Elizabeth Warren asked Atkins to explain “in-depth association with FTX and other high-income crypto customers,” after David Sacks, the head of cryptocurrency and artificial intelligence, sold more than $200 million in crypto-related stocks before taking office, causing similar controversy. Former SEC Chairman Gary Gensler is known for his tough regulation and is represented by Mark Uyeda after leaving in January 2024. If Atkins takes office, its deep traditional financial background and crypto investment resume may reshape the SEC regulatory logic. A Senate Banking Committee hearing is scheduled for March 27, and Atkins’ inaugural confirmation process will determine the SEC’s regulatory tone for the next four years.