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SEC Chair: Crypto Rules Crucial to US Market Growth

  • SEC Chair Paul Atkins announced regulatory reforms aiming to clarify rules for crypto asset issuance, custody, and trading during Monday's Crypto Task Force roundtable.
  • Atkins criticized the previous administration's enforcement-led approach as a 'shoot-first, ask-questions-later' style that confused the market and hindered innovation.
  • Atkins proposed updating custody rules to support self-custody, modernizing trading regulations, allowing combined securities and non-securities platforms, and creating clear frameworks for token issuers.
  • He emphasized that the Commission must stay aligned with technological advancements to establish the US as a leading hub for crypto asset markets, highlighting the need for collaboration with government officials and Congress.
  • These regulatory changes could encourage innovation, reduce legal uncertainty, and prevent crypto firms from relocating offshore, potentially boosting market efficiency and investor protection.
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DiarioBitcoin broke the news in on Monday, May 12, 2025.
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