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SEC Chair Nominee Paul Atkins to Face Senate Panel Next Week
Two top financial regulators in the crypto space have a date with the Senate as SEC nominee Paul Atkins and OCC pick Jonathan Gould get a March 27 hearing.
Mar 20, 2025, 9:41 p.m.
What to know:
- Securities and Exchange Commission chair nominee Paul Atkins will testify before the Senate Banking Committee next week, alongside Comptroller nominee Jonathan Gould. So will Assistant Secretary of the Treasury nominee Luke Pettit.
- If the committee votes to advance theses individuals, the full Senate will vote to confirm the nominations before they can take their positions.
Paul Atkins, the nominee to take over the U.S. Securities and Exchange Commission, is set for a U.S. Senate confirmation hearing next week, putting President Donald Trump's pick for the SEC chairmanship on track to start working as soon as next month.
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At the same March 27 hearing, the Senate panel is also weighing the nomination of Jonathan Gould to take over the Office of the Comptroller of the Currency, which oversees U.S. national banks — a key area of interest for crypto firms that have fought a long battle for banking access, the Senate Banking Committee announced in an email Thursday.
Atkins is a former commission of the SEC and a digital assets advocate who ran a Washington firm advising clients on financial compliance issues. He's expected to carry on the SEC's pro-crypto momentum that began after Trump returned to the White House and appointed Acting Chairman Mark Uyeda.
The OCC will not only be a key agency for opening digital asset sector access to U.S. banking, but it may also be a regulator for future stablecoin issuers, according to current legislative efforts.
The panel will also consider Luke Pettit's nomination to be the assistant secretary for the Treasury during Thursday's session.
Trump nominated Atkins to succeed former SEC Chair Gary Gensler, whose actions heading up the securities regulator drew accusations of "regulation by enforcement" from the crypto industry. Uyeda has changed his predecessor's approach since taking over the agency on a provisional basis, withdrawing from several lawsuits the SEC filed against crypto firms in past years and pausing others. The SEC has also told a number of crypto companies that it was closing investigations into these firms.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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U.S. Senate's Warren asks for Trump-tied crypto probe as market structure bill drags
The influential Democrat is the most vocal critic of the crypto legislation, and she continues to throw rhetorical sand in the gears of the negotiation.
What to know:
- U.S. Senator Elizabeth Warren, the ranking Democrat on the Senate Banking Committee, is calling for a probe into DeFi platforms, especially on their relationship with the business interests of President Donald Trump.
- Warren's pushback comes as the Senate is still negotiating the details of a crypto market structure bill, a process that's now drifted into January.
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