Senator Elizabeth Warren (D-MA) is slamming newly confirmed United States Securities and Alternate Fee (SEC) Chair Paul Atkins for allegedly collaborating in “open corruption” below U.S. President Donald Trump, a September 25 social media put up reveals.
Senator Elizabeth Warren Lambasts SEC Chair Paul Atkins
In response to a September 24 X put up by The New York Times journalist Kenneth P. Vogel alleging that the SEC dropped a grievance in opposition to its chairman’s former shopper, Warren aired her grievances over Atkins and the Trump administration at giant.
Trump’s SEC Chair spent his profession advising large banks and big firms.
It’s no shock the SEC is now dropping circumstances in opposition to his Wall Avenue mates.
Simply the newest instance of how Trump and his Administration are participating in open corruption on an unprecedented scale. https://t.co/aZD5ardvgl— Elizabeth Warren (@SenWarren) September 25, 2025
“Trump’s SEC Chair spent his profession advising large banks and big firms,” Warren mentioned. “It’s no shock the SEC is now dropping circumstances in opposition to his Wall Avenue mates.”
“Simply the newest instance of how Trump and his Administration are participating in open corruption on an unprecedented scale,” she added.
In keeping with Vogel’s Wednesday report, Atkins was paid $1,450 an hour by Devon Archer’s attorneys to function an skilled witness because the businessman confronted claims he defrauded a Native American entity in 2018.
A spokesperson for Atkins advised the award-winning media outlet that the previous SEC commissioner recused himself from the company’s resolution to drop the case.
Archer was convicted of securities fraud in 2018 and was pardoned by Trump earlier this yr.
The SEC Shifts Its Stance
The SEC has dropped a number of authorized circumstances in opposition to key gamers within the blockchain sector this yr alone, together with OpenSea, Ripple, and Coinbase.
The choice to rescind litigation in opposition to actors within the crypto area comes because the SEC strikes away from its prior regulation-by-enforcement strategy to digital property below former chairman Gary Gensler.
In January, the federal regulator established a Crypto Job Pressure to guide the SEC on a “smart regulatory path that respects the bounds of the legislation,” in line with a 2025 press launch from the company.
Nevertheless, with key U.S. lawmakers like Warren eyeing problems with “open corruption” on the SEC, the political battle over the regulator’s newest coverage stance is barely simply heating up.
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