On Friday, newly appointed United States Securities and Exchange Commission (SEC) Chair Paul Atkins shared his vision for his time at the agency during opening comments at its third-ever roundtable focused on cryptocurrencies.
Atkins Makes First Comments as SEC Chair at Crypto Roundtable
During his remarks on April 25, Atkins emphasized his goal of promoting balanced regulations for the digital asset market while criticizing the previous SEC Chair Gary Gensler’s strategy of enforcing regulations rather than establishing clear guidelines.
“Those involved in this technology deserve unambiguous regulatory guidelines,” Atkins stated. “Innovation has suffered over the past few years due to the uncertainty created by the SEC.”
He added, “I am eager to collaborate with market participants and colleagues within President Trump’s Administration and Congress to create a sensible and effective regulatory framework for crypto assets.”
Paul Atkins Commends SEC Commissioner Hester Peirce
Atkins’ statements came shortly after his swearing-in at a White House ceremony, where he pledged to adopt a “logical, coherent, and principled” strategy towards cryptocurrencies.
He is recognized as a supportive figure for the crypto industry, with reports suggesting he holds as much as $6 million in digital assets.
This roundtable represented the first occasion where Atkins participated in discussions with the public about custody regulations and rules in the crypto space.
Established in January, the SEC’s Crypto Task Force aims to create a “comprehensive and clear regulatory framework for crypto” by engaging with the public to set a practical regulatory strategy.
During his remarks, Atkins acknowledged SEC Commissioner Hester Peirce for her relentless efforts in advocating for sensible crypto policies in the U.S.
“Commissioner Peirce is the ideal person to guide the creation of a logical regulatory structure for the crypto asset markets,” he commented.
The article first appeared on Cryptonews.
