By South China Morning Post | Created at 2025-04-03 15:31:21 | Updated at 2025-04-04 10:09:46
18 hours ago
The US Senate Banking Committee voted on Thursday to advance President Donald Trump’s nominee to run Wall Street’s top regulator as well as his picks for banking oversight and transport roles.
In a party-line vote, the committee voted 13-11 to approve Paul Atkins as chair of the US Securities and Exchange Commission and Jonathan Gould as US comptroller of the currency.
Republican Senator Tim Scott, the committee’s chairman, praised the nominees’ experience and said they would depoliticise financial regulation.
Senator Elizabeth Warren, the committee’s top Democrat, said she opposed the nominations due to what she said was their preference for deregulation in favour of Wall Street payers.
She also cited mass lay-offs of government workers and the administration’s efforts led by billionaire Elon Musk to close entire agencies.
“I will not vote to confirm these administration officials when co-presidents Trump and Musk are actively destroying these agencies while we just sit here,” she said.
