SEC Chairman Atkins Speaks on Crypto

In his first public assertion since being sworn in on April 21, new SEC Chairman Paul Atkins delivered remarks on April 25 on the third roundtable of the SEC’s Crypto Job Drive.

Chairman Atkins started by thanking Commissioner Peirce for “her principled and tireless advocacy for common sense crypto coverage inside the US.” Referring to her by her nickname “CryptoMom,” Atkins lauded Commissioner Peirce as “the suitable particular person to guide the trouble to provide you with a rational regulatory framework for crypto asset markets.”

Chairman Atkins continued:

That is essential work as entrepreneurs throughout the US are harnessing blockchain know-how to modernize elements of our monetary system. I anticipate large advantages from this market innovation for effectivity, value discount, transparency, and threat mitigation. Market members participating with this know-how deserve clear regulatory guidelines of the street. Innovation has been stifled for the final a number of years as a consequence of market and regulatory uncertainty that sadly the SEC has fostered.

We anticipate that reconsideration of the SEC’s strategy to the regulation of digital property will proceed to be a excessive precedence for Chairman Atkins.