SEC Chair Paul Atkins announced a significant shift in the agency's approach to cryptocurrency regulation, emphasizing modernization and integration of on-chain markets. Speaking at the OECD's Roundtable on Global Financial Markets in Paris, Atkins outlined plans to expand 'Project Crypto' to include clear rules for tokens, custody, and trading platforms, moving away from enforcement-driven policies. He asserted that most tokens are not securities and promised a framework for platforms that integrate trading, lending, and staking.
Atkins also highlighted the potential of AI in transforming financial markets and stressed the importance of fostering innovation within the U.S. His remarks align with broader industry trends, as indicated by Nasdaq President Tal Cohen's recent comments on tokenization opportunities, signaling a shift towards blockchain adoption.
SEC Chair Paul Atkins Unveils On-Chain Capital Markets Initiative
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