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SEC Chair Paul Atkins Says Crypto Sector Deserves Clear Regulation


SEC Chair Paul Atkins Says Crypto Sector Deserves Clear Regulation

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Speaking in what is his first since returning to the role, US Securities and Exchange Commission (SEC) Chair Paul Atkins has said that the crypto sector deserves clear regulation. Indeed, Atkins gave his first remarks within his new position after being sworn in earlier this week.

The presence of the new SEC chairman signals a continued shift toward pro-cryptocurrency regulatory standards for the emerging industry. Moreover, those efforts align with the greater trajectory of the returning Trump Administration that has sought to completely overhaul the nation’s crypto policy.

Also Read: SEC Chair Paul Atkins to Speak at Next Crypto Roundtable

SEC Chair Talks Crypto Regulation and Agency’s Role in First Remarks

As April is quickly approaching its end, it has already been a monumental year for cryptocurrency legislation in the United States. President Donald Trump has orchestrated a complete reversal of his policy sentiment, embracing the developing asset class.

That has continued with the arrival of new leadership for a critical agency. Indeed, speaking as SEC chair for the first time, Paul Atkins reaffirmed that crypto deserves clear legislation. Specifically, he discussed the asset class as he returned to the post he held as the 34th agency chairman.

SEC Chair Paul Atkins
Source: SolanaFloor

Also Read: Ex-SEC Chair Gary Gensler Says Bitcoin Will Last; Most Altcoins Won’t

Atkins accused the agency of holding innovation at bay within the sector by creating “regulatory uncertainty” under the past regime. “Market participants engaging in this technology deserve clear regulatory rules of the road,” he said, according to a Reuters report.

“I look forward to engaging with market participants and working with colleagues in President Trump’s administration and Congress to establish a rational, fit-for-purpose framework for crypto assets,” he added, speaking at the SEC’s crypto roundtable Friday.

Atkins also shares his expectations of “huge benefits” from the emergence of digital assets. Indeed, he has long been a pro-crypto advocate and is bringing that to this position. Subsequently, crypto regulation appears to be among his top priorities as chairman.

Read the article at Watcher.Guru

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