{"id":7947,"date":"2025-04-03T15:21:11","date_gmt":"2025-04-03T15:21:11","guid":{"rendered":"https:\/\/bluelightnews.com\/category\/politics\/senate-panel-advances-trumps-picks-for-wall-street-and-banking-regulators\/"},"modified":"2025-04-03T15:21:11","modified_gmt":"2025-04-03T15:21:11","slug":"senate-panel-advances-trumps-picks-for-wall-street-and-banking-regulators","status":"publish","type":"post","link":"https:\/\/bluelightnews.com\/category\/politics\/senate-panel-advances-trumps-picks-for-wall-street-and-banking-regulators\/","title":{"rendered":"Senate panel advances Trump\u2019s picks for Wall Street and banking regulators"},"content":{"rendered":"<div>\n<p>The Senate Banking Committee on Thursday approved President Donald Trump\u2019s pick for a new top Wall Street regulator and other key financial nominees who will help carry out his administration\u2019s deregulatory agenda.<\/p>\n<p>On a 13-11 vote, along party lines, the panel advanced the nomination of Paul Atkins to be chair of the Securities and Exchange Commission. Atkins is a former SEC commissioner who has worked as a consultant to many of the biggest financial firms over the last 16 years. He has indicated he would take a lighter-touch regulatory approach to cryptocurrency markets, enforcement, and the rules around how companies raise money in the U.S.<\/p>\n<p>The committee similarly voted along party lines to approve the nomination of Jonathan Gould as the comptroller of the currency, a top regulator of national banks. Gould, currently a partner at the law firm Jones Day, was the agency\u2019s chief counsel during the first Trump administration.<\/p>\n<p>Republicans have cheered Trump\u2019s picks as they seek to turn the page on Biden-era regulators that were loathed by many in the financial industry.<\/p>\n<p>But Democrats on the committee, led by Sen. Elizabeth Warren, largely opposed Trump\u2019s nominees, citing concerns they would weaken guardrails on Wall Street institutions and take a lax approach to policing financial institutions.<\/p>\n<p>One of Trump\u2019s picks for a senior Treasury Department role garnered bipartisan support, however. Six Democrats joined with the committee\u2019s Republicans in supporting Luke Pettit\u2019s nomination to be Treasury\u2019s assistant secretary for financial institutions, a position focused on financial regulations and policy. Pettit is a former Senate Banking Committee staffer who previously worked at the investment firm Bridgewater Associates and as a senior policy analyst at the Federal Reserve.<\/p>\n<p><i>Declan Harty and Katy O&#8217;Donnell contributed to this report. <\/i><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Senate Banking Committee on Thursday approved President Donald Trump\u2019s pick for a new top Wall Street regulator and other key financial nominees who will help carry out his administration\u2019s deregulatory agenda. On a 13-11 vote, along party lines, the panel advanced the nomination of Paul Atkins to be chair of the Securities and Exchange [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-7947","post","type-post","status-publish","format-standard","hentry","category-congress"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts\/7947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/comments?post=7947"}],"version-history":[{"count":0,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts\/7947\/revisions"}],"wp:attachment":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/media?parent=7947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/categories?post=7947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/tags?post=7947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}