New SEC Chairman Paul Atkins Vows to Provide Regulatory Clarity for the Crypto Industry — Here’s What He Said!

Updated

April 28, 2025

Gambar New SEC Chairman Paul Atkins Vows to Provide Regulatory Clarity for the Crypto Industry — Here’s What He Said!

Jakarta, Pintu News – Paul Atkins, the new Chairman of the United States Securities and Exchange Commission (SEC), has emphasized his commitment to providing regulatory clarity for the crypto industry. In his first speech since taking office, Atkins criticized the previous administration’s approach for stifling innovation and creating market uncertainty.

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Criticism of Previous Policies

Atkins, who was recently sworn in as SEC Chairman, strongly criticized the commission’s approach in recent years, which he said has suppressed innovation. “The market and regulatory uncertainty unfortunately, fostered by the SEC, has stifled innovation,” Atkins said.

He added that the previous approach of regulating through enforcement has caused significant harm to crypto companies. During Gary Gensler’s tenure as SEC Chairman, the commission was known for its tough stance on crypto. Numerous lawsuits were filed against major cryptocurrency companies, including prominent exchanges such as Coinbase and Binance.

However, under the interim leadership of Mark Uyeda, the SEC ended several investigations and withdrew most of its cases, including a legal dispute with Ripple that began in December 2020.

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Commitment to Regulatory Clarification

paul atkins new sec chairman — Source: MyBigPlunge

In his speech, Atkins emphasized his readiness to work with the US Congress and the President’s administration to create a rational and appropriate regulatory framework for the digital asset industry.

“A rational and appropriate framework is key to promoting the digital asset sector, including risk mitigation,” Atkins said. He believes that transparent and fair regulation will help advance innovation and protect investors.

The new SEC chairman also emphasized the importance of gathering input from various parties through a series of roundtables held by the SEC’s crypto task force. The third roundtable titled “Know Your Custodian: Key Considerations for Crypto Custody” is one of the five planned, aiming to gather key insights that will help in crafting clear crypto asset regulations.

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A Vision of the SEC’s Future Under Atkins’ Leadership

Atkins, who served as an SEC commissioner from 2002 to 2008 under President George W. Bush, returns with a clear vision to further the SEC’s mission.

“I am pleased to rejoin the other Commissioners and dedicated professionals at the agency to further the mission of facilitating capital formation; maintaining fair, orderly, and efficient markets; and protecting investors,” he said.

With his experience and fresh outlook, Atkins is determined to make the United States the best and safest place to invest and do business. His leadership is expected to bring about significant positive changes in crypto regulation, supporting the industry’s growth while ensuring safety and fairness for all parties involved.

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