- In the SEC's Crypto Roundtable, Paul Atkins criticized the SEC's approach for the last four years.
- Atkins also said that in the last four years, the agency has been a change of change.
The newly designated chairman of the US Securities and Exchange Commission, Paul Atkinsattending his first crypto roundtable in Washington, DC. In the event, he greatly criticized the SEC's approach to the last four years predominantly in the “stifled” change.
Atkins mentioned:
“Unfortunately, the change has been so -sofled in recent years due to market disagreement and regulation that the SEC promotes.”
The newly designated leader has further ensured members of the market that he will strive to bring clarity to the crypto industry regulation. According to him, the laws “Rational Fit for Purpose Framework” are primarily in the establishment of the Virtual Assets sector, including reducing risk.
The former chairman of SecGary Gensler, made an exit from the body after the success of the said crypto-friendly leader Donald Trump, and before he joined. After the exit, the temporary seat Mark Uyeda was in charge.
Under his administration, the SEC called various investigations and withdrew many cases. Earlier this week, Atkins administered the charge, and the industry expects a more desirable environment to regulation in the crypto space.
The Crypto Roundtable scheduled on April 25 is entitled “Learn Your Custodian: Basic Considerations for Crypto Care,” and this is the third circle. Generally, the SEC Crypto Task Force has planned five roundtables.
Roundtables are focused on obtaining basic insights that will help them work toward clear crypto asset regulation. Before the charge as a chairman, Atkins worked as a SEC commissioner from 2002 to 2008.
On his return, he said:
“As I returned to the agency, I was excited to join my fellow commissioners and the professionals to continue the mission of facilitating capital development, maintaining fair, well, and efficient markets. We work together to ensure that the United States is the best and safe place to invest and do business.”
Highlighting Crypto news today:
Nvidia halts arbitrum partnership in the middle of crypto-ai tensions
Share
