U.S. Senator Elizabeth Warren is pressuring SEC Chairman nominee Paul Atkins, questioning his ties to FTX and Donald Trump's cryptocurrency.

BlockBeats News, March 25th, U.S. Senator Elizabeth Warren sent a 34-page letter of inquiry to SEC Chairman nominee Paul Atkins, raising concerns about his connection to the bankrupt crypto exchange FTX and a potential conflict of interest arising from the Memecoin issued by Trump. Warren pointed out in the letter that Atkins' consulting firm, Patomak Global Partners, advised FTX in 2022 and has clients including multiple banks, cryptocurrency exchanges, and DeFi platforms. Atkins himself also joined the advisory board of The Digital Chamber, a blockchain industry association, in 2020. Warren questioned whether Atkins' close relationships with crypto clients would affect his stance on crypto regulation and asked if he had directly advised former FTX CEO Sam Bankman-Fried. Atkins is set to attend a nomination hearing at the Senate Banking Committee on Thursday. Patomak Global Partners has not yet commented on this matter.