In one of his first appearances as recently sworn head by the US Securities and Exchange Commission, Paul Atkins delivered comments on the third cycle agency of crypto regulation.
In the event “Learn Your Custodian” event on April 25th, Atkins Says He expects “great benefits” from blockchain technology through efficiency, risk reduction, transparency, and cutting costs. He said that among his goals in the SEC was to facilitate the “clear road regulations” for digital possession, indicating that the agency under former chairman Gary Gensler contributed to market uncertainty and regulation.
“I hope to engage with market participants and work with colleagues in President Trump’s administration and Congress to establish a reasonable fit-for-purpose framework for crypto assets,” Atkins said.
Some US president’s critics Donald Trump see Atkins’s nomination to lead the SEC as a nod to the crypto industry, acting on the promises of the campaign to remove Gensler – the former chairman has resigned the day Trump has been repoating – and cutting the regulation. Democratic legislators to the Senate Banking Committee Atkins asked in his relationship In the industry, which potentially presents conflicts of interest in his paper regulating crypto.
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“We have noticed that we do not need to be concerned (…) about the accused of things we do not do, such as being broker-dealers for security,” legal official Veronica McGregor, who participated in the circle, told Cointelegraph on April 24. “This is a less scary regulation in general.
The SEC Crypto Task Force is set to hold two more roundtables in May and June to discuss tokenization and decentralized finances, respectively. Commissioner Hester Peirce, who leads the Task Force, Cointelegraph said in March That he accepted the opportunity for Atkins to work to “repair the agency,” which indicates a SEC with regulations that are more interesting in the crypto industry.
In addition to roundtables, the crypto task force has reported by some meetings In digital asset companies to discuss various policies and considerations in the development of a regulation framework.
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