Paul Atkins Declares “Existing Framework Significantly Requires Modification” At SEC Crypto Roundtable

On April 25, 2025, the US Securities and Trading network Commission (SEC) convened its inaugural significant Crypto Task Force roundtable. Leading the event in Washington DC, the newly appointed SEC Chair Paul Atkins stated, “The crypto market itself seems to indicate that the current framework requires considerable attention.”

“This work is vital as innovators throughout the United States leverage blockchain technology to refine various components of our financial system,” remarked Atkins. “I foresee substantial advantages from this market innovation, including improved efficiency, reduced costs, enhanced transparency, and better risk management.”

He further emphasized, “Market participants utilizing this technology warrant distinct regulatory guidelines. Innovation has been hindered in recent years due to trading market and regulatory ambiguities that, regrettably, the SEC has perpetuated.”

The dialogues at the roundtable also represented a notable shift from the enforcement-centric approach of his predecessor, Gary Gensler.

Today at the SEC Crypto Roundtable, we heard from Paul Atkins during his first public speech as the newly appointed 34th Chair of the SEC.

“Unfortunately, innovation has been stifled for several years due to uncertainties in the trading market and regulations that regrettably the SEC… pic.twitter.com/iyq6L6kYnx

— Jason Meyers (@JasonMeyersNYC) April 26, 2025

Explore: 9+ Best High-Risk, High–Reward Crypto to Buy in April 2025

“Our regulatory approach should recognize the differences across crypto assets,” remarked “Crypto Mom”

Atkins also commended SEC Commissioner Hester M. Peirce for her “principled and persistent advocacy for sensible crypto policy in the US.” He noted, “It’s not surprising that she has been dubbed ‘CryptoMom.’”

Additionally, Peirce stated that the SEC should recognize and embrace the fact that blockchain technology enables investors to self-custody, trade, and interact with their assets without any intermediaries. “Our regulatory framework should not obstruct these innovations by mandating intermediation,” she asserted.

The roundtable, which included industry leaders, regulators, and legal experts, centered on the essential topic of digital asset custody – a persistent challenge for crypto firms aiming to adhere to federal securities regulations.

Addressing the issue of digital asset custody, Caroline A Crenshaw remarked, “Some suggest that distinctions from traditional assets warrant exemptions or varying treatment for the custody of crypto assets under our regulations. However, if we are to contemplate introducing an alternate custody framework for crypto assets – a move the SEC has not undertaken for any other asset class without just cause – we must consider certain fundamental principles.”

“Current SEC custody regulations represent a gold standard for investor security,” she added.

Yet, she questioned, “If the SEC were to establish a dual-regime, how can we guarantee the crypto framework is as comprehensive as the existing one? Moreover, how could the Commission tackle the heightened risks to investors and the larger financial system that might arise from distinct crypto custody regulations?”

Explore: 72 ETF Filings Are Pending Approval At SEC: Michael Saylor Says Paul Atkins Will Be Good For Bitcoin

Industry Voices: Michael Saylor Predicts Positive Impact from Paul Atkins for Bitcoin

Atkins took the oath on Monday, April 21, 2025, as the 34th Chairman of the US SEC, indicating a substantial transition towards a more crypto-accommodating regulatory perspective.

Strategy Chairman Michael Saylor expressed on X, “SEC Chairman Paul Atkins will positively impact Bitcoin.”

Regarding Atkins’ appointment, Trump commented, “He’s the ideal candidate to lead this agency at a time when crypto innovators are desperately in need of regulatory clarity and defined guidelines.”

Meanwhile, Atkins declared that Bitcoin and crypto will be at the forefront of his agenda.

“As I return to the SEC, I’m excited to collaborate with my fellow Commissioners and the agency’s committed professionals to further its mission to promote capital formation, ensure fair, orderly, and efficient markets, and safeguard investors,” Atkins stated. “Together, we will strive to make the US the premier and safest locale globally for investment and business operations.”

Explore: 17 Next Crypto to Explode in 2025: Expert Digital currency Predictions & Analysis

The post Paul Atkins Insists “Current Framework Badly Needs Attention” At SEC Crypto Roundtable appeared first on 99Bitcoins.