SEC chair Paul Atkins promises to change U.S. approach to crypto
On just his fourth day in office, new Securities and Exchange Commission (SEC) Chair Paul Atkins pledged sweeping changes to crypto regulation, aiming to reverse years of what he described as stifled innovation.
Speaking at the SEC’s third Crypto Task Force roundtable in Washington, D.C., Atkins sharply criticized the previous administration’s regulatory approach, blaming it for undermining crypto market growth, reports CoinGape.
“Innovation, unfortunately, has been stifled for the last several years due to market and regulatory uncertainty that unfortunately the SEC has fostered,” Atkins said.
Atkins’ remarks mark a clear departure from the policies under former SEC Chair Gary Gensler. Under Gensler, the agency adopted a strict stance on crypto, often treating digital assets as securities without offering clear paths for compliance.
Now, Atkins is signaling a new direction. He emphasized the need for a “rational fit-for-purpose framework for crypto assets,” promising to address “long festering issues” that have hampered the blockchain and digital asset industries.
Clear rules could open new chapter for crypto growth
Atkins took office as the 34th SEC Chair on April 22. Known for his market-friendly views from his prior terms under former President George W. Bush, Atkins has quickly emerged as a crypto advocate, calling Bitcoin and other digital assets a top regulatory priority.
Community sentiment has turned optimistic following his early comments. If Atkins delivers a structured, coherent regulatory framework as pledged, it could help unlock further investment and innovation in the crypto sector, offering much-needed clarity to companies navigating U.S. markets.
Industry observers now await specific proposals from the SEC under Atkins’ leadership, which could shape the next phase of crypto’s growth in America.
Recently we wrote that the U.S. Securities and Exchange Commission (SEC) has postponed decisions on several cryptocurrency exchange-traded funds (ETFs) until June, citing the need for more time to review the issuers’ proposals.
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