🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Paul Atkins attended the SEC chairman's hearing and promised to establish a clear encryption regulatory framework.
SEC Chairman candidate Paul Atkins attends Senate hearing, bringing new insights to the encryption industry.
On March 27, Paul Atkins appeared before the Senate Banking Committee hearing, being questioned as a candidate for the chair of the U.S. Securities and Exchange Commission (SEC). This hearing has sparked widespread attention in the industry regarding the future policy direction of the SEC, particularly in terms of encryption currency regulation.
Shift Towards Deregulation
Atkins criticized several policies of former SEC Chairman Gary Gensler at the hearing, including rule-making that was overturned by federal courts, rising employee turnover rates, and controversial enforcement actions against encryption companies. He stated that he would lead the SEC back to its core mission: to protect investors, maintain market efficiency, and promote capital formation. Atkins advocated for the establishment of a clear and effective rule system that encourages innovation while protecting market integrity.
Responding to Conflicts of Interest Concerns
Senator Elizabeth Warren raised sharp questions about Atkins' connections to the cryptocurrency industry. Warren pointed out that Atkins had provided consulting services for the FTX exchange and held approximately $6 million in encryption-related assets. She demanded that Atkins commit to avoiding cases involving former clients during his tenure and not enter the financial industry for four years after leaving office.
In the face of skepticism, Atkins pledged to adhere to ethical standards and stated that if appointed, he would divest all financial assets that could create conflicts of interest, including encryption assets. He emphasized that all decisions would be guided by the public interest and the statutory duties of the SEC, and he committed to a thorough investigation of the FTX incident.
Propose a new regulatory framework
Atkins has prioritized the establishment of a "principle-based, well-structured, and technology-neutral" regulatory framework for digital assets. He believes that the ambiguity of current rules has hindered innovation and advocates for reasonable regulation to reinforce the United States' global leadership in financial innovation. Atkins opposes "overly politicized" rule-making and urges the SEC to focus on its statutory duties rather than partisan agendas.
It is worth noting that Atkins has committed to the SEC operating transparently and listening to the opinions of the industry and consumers, which is in stark contrast to past practices.
Atkins' Personal Wealth
If confirmed, Atkins will become the richest SEC chairman in decades. According to disclosure documents from the Office of Government Ethics, Atkins and his wife Sarah have a net worth of at least $327 million. His stakes in consulting firms are valued at no less than $25 million. Atkins has stated that if appointed, he will resign as the CEO of the company within 90 days.
As the SEC faces important regulatory choices, the outcome of Atkins' nomination will profoundly influence the agency's policy direction in key areas such as the cryptocurrency market, enforcement priorities, and market structure reforms. The Senate Banking Committee will continue to review his nomination qualifications, and if approved, the nomination will be submitted to the full Senate for a final vote, which will only require a simple majority to pass the appointment.