New SEC Chair Slams Gensler for Stifling Crypto Innovation

• Paul Atkins criticized Gensler’s restrictive crypto policies.
• Atkins promises clear and supportive crypto regulations.
• Hester Peirce was praised for championing crypto reforms.

Newly appointed SEC Chair Paul Atkins addressed the public. Atkins praised pro-crypto work and criticised past policies. He slammed former Chair Gary Gensler’s crypto approach. “Innovation has been stifled by regulatory uncertainty,” he said.

Atkins spoke at the SEC’s third crypto roundtable today. The event focused on crypto custody and asset security. He emphasised the urgent need for clear crypto regulations. “Participants deserve clear regulatory rules,” Atkins firmly stated.

Atkins praised Commissioner Hester Peirce’s pro-crypto leadership efforts. He credited Peirce’s “principled and tireless advocacy” for progress. Peirce, known as “Crypto Mom,” led recent crypto reforms. Under her leadership, the SEC dropped major lawsuits.

Several crypto assets were exempted from securities regulations. This marked a significant shift from Gensler’s regime. Atkins promised continued support for crypto innovation moving forward. He pledged engagement with market participants and Congress.

“I expect huge benefits from crypto market innovation,” he said. Atkins also noted gains in cost, risk, and transparency. He wants a rational framework that supports crypto growth. Atkins’ chairmanship signals major policy changes for crypto.

He previously served under President George W. Bush’s administration. After months of confirmation, Atkins is now officially leading. He reiterated support for President Trump’s crypto-positive agenda. Crypto industry participants welcomed Atkins’ supportive, clear direction.

Atkins plans to remove unnecessary regulatory burdens on crypto. He aims to foster efficiency, innovation, and investor protection. His leadership marks a fresh start for crypto regulation. The crypto community now watches the SEC closely.

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