- Paul Atkins stated that the prime concern of the agency will be to create a rational regulatory framework for crypto asset markets.
- Clear regulations of the road are significant for protecting investors against fraud, mainly recognizing scams that do not comply with the law- Atkins.
The new chairman of the U.S Securities and Exchange Commission, Paul Atkins, has reassured to enact a clear crypto regulatory framework in a roundtable of the SEC on May 12.
The title of the roundtable was Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet. The participants of the event were Robinhood Crypto General Manager Johann Kerbrat, Fidelity Investments Digital Asset Management head Lo Bessette, and Johnnny Reinsch, the Token Asset Coalition Director.
The chairman stated that the prime concern will be to create a rational regulatory framework for crypto asset markets that sets up clear regulations for the issuance, custody, and trading of crypto assets. The agency will also focus on discouraging malicious actors from breaching the law.
Further, he went on to add that clear regulations of the road are significant for protecting investors against fraud, mainly recognizing scams that do not comply with the law. Atkins then attacked the previous regulation by enforcement approach of the agency.
More Advancements Yet To Come
The Crypto Task Force of the Securities and Exchange Commission hosted the event, and it is the fourth roundtable mainly focused on the blockchain industry.
After Trump’s inauguration and the change in the leadership of the agency, the industry is constantly witnessing the favourable stances, which are anticipated to surge more in the coming days. The newly introduced crypto laws will focus on positioning the SEC on a sensible regulatory path that appreciates the law and also does not obstruct innovation within the sector.
A press release from the agency states released in January 2025, mentions that the focus of the Task Force will be to help the Commission make clear regulatory lines, offer realistic paths to registration, make a sensible disclosure framework, and deploy enforcement resources judiciously.
Discouraging the previous regulatory stance of the SEC, the recent event discussion may turn out as a crucial point for making a less enforcement-oriented regulatory stance in the coming years.
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