New SEC Chairman Seeks Clarity for Crypto Industry
Paul atkins, the new U.S. Securities and Exchange Commission (SEC) Chairman, has criticized the agencyS past approach. In his first public speech as chair, Atkins spoke at a crypto roundtable in Washington DC. He blamed the previous governance for creating “uncertainty” that stifled innovation.
Atkins, who took office this week, wants too change this. He believes a “rational fit for purpose framework” is crucial for promoting digital assets. He aims to work with Congress and the Trump administration to bring regulatory clarity. “The SEC’s previous methods have hindered innovation,” he said.”We need clear rules to foster growth.”
Atkins replaced Gary Gensler, who was known for his anti-crypto stance. Under Gensler, the SEC filed lawsuits against major exchanges like coinbase and Binance. Interim chair Mark Uyeda ended many investigations and withdrew most cases, including one against Ripple.Atkins wants to collaborate with lawmakers to create better regulations. He wants to protect investors while encouraging growth. “We must balance risk with progress,” he stated.
Atkins plans to support the crypto industry. He wants to reduce market and regulatory uncertainty. This shift coudl benefit the sector. “We must protect investors and encourage innovation,” Atkins said.
Atkins previously served as a commissioner from 2002 to 2008. He was appointed by former President George W. Bush.Now, he returns as the 34th Chairman of the SEC. “Together, we will ensure the U.S. is the best place to invest and do business,” he stated.
