SEC Chair Atkins Declares a ‘New Day’ in Crypto Regulation with Clear Rules

• SEC Chair Paul Atkins promises a “new day” with clear rules for digital asset regulation.
• Atkins prioritizes rulemaking over enforcement to protect investors from crypto fraud.
• The CLARITY Act seeks to exempt most crypto from SEC oversight, boosting U.S. digital assets.

U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has committed to bringing a “new day” for the agency’s stance on digital assets. Atkins explained to the Senate Appropriations Subcommittee on Financial Services that his primary goal is to enforce clear and straightforward cryptocurrency rules. He assured that the SEC will focus on effective rules and clarity, rather than enforcement.

In April, Atkins was appointed as SEC Chair and explained his hopes for a fair and practical approach to regulating crypto assets. He stated that having clear rules would protect investors against fraud and scams in the cryptocurrency world. Atkins underlined that the main responsibility of the SEC was to cl…

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