The US President’s nominee for the Securities and Exchange Commission (SEC), Paul Atkins, and his wife Sarah Humphreys, have publicly disclosed collective employment assets upwards of $327 million, ahead of Atkins’ US Senate Banking Committee confirmation hearing. This disclosure includes their shares in Atkins’ consulting firm Patomak Global Partners and Tamko Building Products. Interestingly, Humphreys and her family members are said to control 75% of Tamko, a roofing company initiated by her grandfather.
Atkins’ personal asset disclosure comprises up to $78.8 million. This includes membership interest at Patomak worth between $25,000,001 and $50 million, call options at asset tokenization platform Securitize valued between $250,001 and $500,000, and investments in financial technology company Pontoro between $50,001 and $100,000.
Immediately upon confirmation, Atkins plans to resign as CEO of Patomak, divest his membership interest, and divest his stock options at Securitize. He served as a commissioner for the agency from 2002 to 2008.
Ahead of his Senate Banking Committee appearance on March 27th, Massachusetts Senator Elizabeth Warren called on Atkins to be ready to discuss topics pertaining to his involvement with FTX and other key crypto clients. In addition, Atkins’ hearing is the first time US lawmakers have considered his nomination since President Trump nominated him as a successor to former SEC Chair Gary Gensler in December.