SEC Chair Declares ‘Crypto’s Time Has Come’ In Latest Statement – Get The Full Scoop

Paul Atkins the newly appointed chair of the US Securities and Exchange Commission (SEC) has boldly declared that “crypto’s time has come,” marking a pivotal moment in the regulator’s approach to digital ￰0￱ Declares End To ‘Weaponization’ Of Regulation Delivering a keynote address at the inaugural OECD roundtable on global financial markets Atkins expressed his commitment to unlocking the potential of digital assets in the United States

highlighting the impact of new technologies on global ￰1￱ Reading: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma Atkins criticized the previous SEC approach under former chair Gary Gensler which he described as a “weaponization” of regulatory powers that stifled the crypto ￰2￱ Commissioner pointed out that this “enforcement-centric strategy” not only proved ineffective but also drove innovation overseas burdening American entrepreneurs with costly legal ￰3￱ asserted that those days are over and that the SEC is embarking on a new ￰4￱ SEC under Atkins aims to establish “clear and predictable regulations” that will enable innovation to ￰5￱ indicated that the agency will no longer rely on ad hoc enforcement actions to set ￰6￱ Congress works on legislation

the SEC is set to modernize its rules through what it has termed “Project Crypto.” This initiative seeks to adapt existing securities regulations to accommodate the digital asset landscape ensuring that most crypto tokens are clearly classified as ￰7￱ Of Crypto Regulation Atkins also highlighted the need for regulatory efficiency advocating for a minimum effective dose of regulation to protect investors without overburdening entrepreneurs with complex rules that only large incumbents can ￰8￱ emphasized the potential for innovation through “super-app” trading platforms that could combine trading lending

and staking services under a unified regulatory ￰9￱ Reading: Solana And XRP ETFs Smash New Records In Canada Atkins further unveiled that the Securities and Exchange Commission also plans to collaborate with other regulatory bodies to create a cohesive environment that permits the trading of crypto assets alongside traditional financial ￰10￱ regulator praised the European Union (EU) for its stance on digital assets specifically referencing the Markets in Crypto-Assets (MiCA) regulation which he sees as a model for regulatory ￰11￱ expressed a desire for the United States to learn from these efforts ensuring that America remains a leader in fostering an economic climate conducive to financial ￰12￱ closing

Atkins articulated a vision for a future where breakthroughs in the financial industry are made on American soil under American oversight ultimately benefiting American ￰13￱ welcomed the opportunity to work with international allies to enhance economic collaboration and extend the sphere of freedom and prosperity in the financial markets including the fast-growing cryptocurrency ￰14￱ image from DALL-E

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