New SEC Chairman: Plans to Collaborate with Legislators to Establish Regulatory Framework for Cryptocurrency

BlockBeats News, April 26th. According to The Block, newly appointed SEC Chairman Paul Atkins stated that he expects digital assets to bring "tremendous benefits" and plans to work with legislators to establish a regulatory framework for cryptocurrency.

Paul Atkins made his first public remarks as chairman at Friday's SEC Crypto Roundtable, where he said, "I look forward to engaging with market participants and working with colleagues in the Trump administration and Congress to establish a rational and practical regulatory framework for crypto assets." In addition, Paul Atkins expects digital assets to bring "tremendous benefits" in reducing risk and cutting costs.

Source

Correction/Report

RelatedRecommended

Trump wants to "fire" Gary Gensler, who will be the next SEC chairman?

Among the eight candidates, "Crypto Mom" has no intention of becoming the chairman of the SEC, and "Crypto Dad" is temporarily in the lead.

Coinbase CEO responds to SEC oversight: SEC declined to explain or meet

Will Binance settle with the SEC? Take a look at the history of high-profile SEC penalties

In the past, the SEC's investigation of the encryption program has led to the exchange of money for life.

Will Binance reach a settlement with the SEC? Take a look at the well-known projects that have been fined by the SEC in history.

According to past history, crypto projects investigated by the SEC often face the consequence of "paying with their lives".

SEC Chair's "Project Crypto" Speech Full Text: Moving the U.S. Financial Market Fully Onto the Blockchain

Those complex offshore company structures, pseudo-decentralized performances, and the confusion about whether crypto assets are securities will become a thing of the past.

On-Chain Activity