SEC Chair Atkins Vows Rational Crypto Framework, Abandons Enforcement-First Approach

U.S. Securities and Exchange Commission Chair Paul Atkins signaled a decisive policy pivot on 12 May, telling participants at the agency’s Crypto Task Force roundtable that his top priority is to craft a “rational regulatory framework” for digital assets. Calling it “a new day at the SEC,” he said future rule-making will replace the ad-hoc enforcement actions that have dominated crypto oversight in recent years. Atkins outlined three immediate focus areas: drafting clearer guidelines for cryptocurrency issuance, establishing new registration exemptions and safe-harbor provisions, and setting standards for custody and trading. He argued that well-defined rules are essential to protect consumers while allowing U.S. firms to compete globally, adding, “We cannot encourage innovation by trying to fit a square peg into a round hole.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant