- Paul Atkins and his spouse reported $327 million net worth 2 days before Senate hearing.
- Atkins is about to appear for a Senate hearing on Thursday for his SEC chair nomination.
SEC Chair nominee Paul Atkins and his spouse combinedly recorded at least $327 million net worth. Atkins also mentioned $6 million worth of crypto-related investments. In case, Paul Atkins confirms as the SEC chair after Senate hearing tomorrow, he will be the wealthiest SEC chair in the history.
As per the latest Bloomberg report, Paul Atkins filed a detailed paperwork regarding his investments and net worth with the Office of Government Ethics. The paperwork consisted of 70 pages detailing his investments, assets, and compensation. Among other details, Paul Atkins’ stake in his consulting firm Patomak Global Partners is worth $25 million.
Paul Atkins to Attend Senate Hearing on Thursday
Paul Atkins is about to attend a hearing before the Senate Banking Commitee lawmakers on Thursday as per earlier announcement. He was under scrutiny for his ties with crypto firms. As Donald Trump nominated Paul Atkins to replace Gary Gensler, lawmakers are examining whether Atkins is fit to lead the SEC.
Apart from the total network, Paul Atkins also reported his crypto investments. He holds equities in several crypto-related firms such as Anchorage Digital and Securitize. Both of these investments amounted to around $500,000. Furthermore, he also holds between $1M and $5M in Off The Chain Capital crypto fund.
Crypto-related investments account for only a small portion of Paul Atkins total portfolio. However, this will also be taken into account to finalize whether he is going to lead the US SEC. Furthermore, there are several allegations that Paul Atkins was involved with the FTX. He was an adviser for FTX and Chamber of Digital Commerce.
Tomorrow’s Senate hearing will bring a final judgement of whether Paul Atkins will be the SEC lead or not. His ties with crypto entities such as the FTX are raising concerns on whether is the right candidate for bring forward the crypto regulation that Trump is aiming for.
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