Atkins noted that ambiguous and nonexistent rules have inhibited industry advancement, emphasizing that his tenure will address the gap to promote innovation while protecting investors.<\/p>\n
\n\u201cA key priority of my Chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets,\u201d Atkins stated.<\/p>\n<\/blockquote>\n
He highlighted the need for clearer guidelines in prohibiting malicious activity within the industry, adding that \u201cclear rules of the road are necessary for investor protection against fraud.\u201d Addressing the controversial \u201cregulation-by-enforcement\u201d approach seen under former Chair Gary Gensler, Atkins emphasized his commitment to a shift toward structured and participatory rulemaking. He pledged to rely on \u201cnotice-and-comment procedures\u201d to create fit-for-purpose policies tailored to the asset class.<\/p>\n
<\/p>\n
The SEC chief added that the recently launched Crypto Task Force will continue to champion establishing a rational regulatory framework for crypto asset markets. He further expressed confidence in the leadership of Commissioners Uyeda and \u2018crypto mom\u2019 Hester Peirce, noting that the commission\u2019s divisions will work to \u201cexpeditiously provide long-needed clarity.\u201d<\/p>\n
Appointed as part of the Trump administration\u2019s promise to create a more favorable environment for the U.S. crypto scene, Atkins\u2019 remarks reinforce his broader commitment to fostering innovation and providing clearer regulatory certainty for the industry.\u00a0<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The new SEC Chairman Paul Atkins has outlined fresh goals for the crypto industry under his leadership. In his testimony before the United States Senate Appropriations Subcommittee on June 3,…<\/p>\n","protected":false},"author":1,"featured_media":1999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1998"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1998\/revisions"}],"predecessor-version":[{"id":2000,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1998\/revisions\/2000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1999"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}