June 13, 2025
“It’s a fresh start at the SEC,” Claims Paul Atkins, Advocates for a Logical Regulatory Structure For Cryptocurrency Markets
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“It’s a fresh start at the SEC,” Claims Paul Atkins, Advocates for a Logical Regulatory Structure For Cryptocurrency Markets

Jun 4, 2025

Paul Atkins, Chair of the Securities and Exchange Commission, has announced “a new era” for the SEC, committing to transform the agency’s stance on crypto assets by implementing transparent, inclusive rulemaking that emphasizes investor protection.

Atkins remarked that he has witnessed personally how unclear or absent regulations within the digital asset domain lead to uncertainty and stifle innovation.

During his testimony to the US Senate Appropriations Subcommittee on Financial Services and General Government on 3 June 2025, Atkins stated, “The manner in which we apply regulations at the SEC is vital; drafting a compliance is one thing, but ensuring it meets its intended purpose is entirely different.”

“A significant focus of my Chairmanship will be to establish a sensible regulatory framework for crypto asset markets that sets forth clear guidelines for the issuance, custody, and trading of crypto assets while also working to deter bad actors from flouting the law,” Atkins remarked.

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Clear Shift Away from Enforcement-Heavy Approaches

Moreover, Atkins stressed that under his guidance, the SEC will focus on “notice and comment” rulemaking – a method that solicits public input before finalizing new laws – instead of directing the crypto industry through legal actions and settlements.

The SEC’s transition from “regulation by enforcement” follows years of pushback from the crypto sector.

Atkins credited the newly formed Crypto Task Force, along with Commissioner Mark Uyeda and Commissioner Hester Peirce, stating, “For an extended period, the Commission has been constrained by policymaking segregation. The Crypto Task Force demonstrates how our policy divisions can unite to swiftly provide the clarity and certainty long sought by the American public.”

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So Far, SEC Crypto Task Force Has Hosted Four Roundtables

The Crypto Task Force, assigned to create an effective regulatory structure for digital assets, has already conducted several roundtables on essential subjects like the definition of a protection, approaches to regulating crypto trading and custody, and tokenization. The next area of exploration will be DeFi (Decentralized finance), with additional public input anticipated in the ensuing months.

“Entrepreneurs throughout the United States and beyond are leveraging distributed ledger technology to modernize elements of our financial system,” stated Atkins. “I foresee considerable benefits from this market innovation with respect to efficiency, cost savings, transparency, and risk management.”

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Key Takeaways

  • By emphasizing rulemaking rather than enforcement, promoting innovation, and prioritizing crypto holder security, the agency is setting itself up as a supportive partner to the crypto sector.

  • The SEC’s move away from “regulation by enforcement” emerges after extensive criticism from the crypto sector.

 

 

The post “A new era at the SEC,” declares Paul Atkins, emphasizes a Logical Regulatory Framework for Crypto asset Markets appeared first on 99Bitcoins.

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