Paul Atkins, the new chair of the US Securities and Exchange Commission (SEC), is pushing to "future-proof" the agency's policies to ensure the crypto industry retains its freedom post-Trump administration. Speaking at a Managed Funds Association conference in New York, Atkins emphasized the need to adopt rules that could withstand political changes, focusing on reducing regulations in public and private markets that impact cryptocurrencies.
Atkins highlighted the importance of collaboration with the Commodity Futures Trading Commission (CFTC) to avoid regulatory conflicts that have previously hindered crypto product development. Since taking office, Atkins has overseen changes in crypto ETF listing standards and considered blockchain stock trading, while the SEC has softened its enforcement approach under his leadership.
Despite Atkins' efforts, experts suggest that future administrations could impose additional compliance burdens, potentially slowing innovation. However, existing crypto regulations might remain intact, with new entrants facing challenges. The SEC continues to operate amid a government shutdown, with Atkins affirming the agency's commitment to maintaining its pace.
SEC Chair Paul Atkins Aims to 'Future-Proof' Crypto Regulations
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