Political divides and broader commitments from Senate Confirmation Hearing

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Senators voiced their frustration during the March 2025 Senate Banking Committee confirmation hearing for SEC nominee Paul Atkins, criticizing the SEC’s handling of the FTX scandal and urging renewed scrutiny of Sam Bankman-Fried’s parents for their alleged involvement in the collapse.

Jonathan Gould, nominated to lead the Office of the Comptroller of the Currency (OCC), used his March 2025 Senate confirmation hearing to commit to reversing regulatory guidance that had discouraged banks from serving crypto firms, signaling a shift toward greater financial inclusion for the digital asset industry.

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