In his remarks presented at the round table of the Crypto Task Force, the president of the dry Paul Atkins declared that digital assets deserve clear rules.
He thinks that crypto could offer enormous advantages in terms of efficiency and cost reduction.
Atkins criticized the previous dry administration, which was led by former president Gary Gensler, to stifle the cryptocurrency market.
As U.TODAY reported, Gensler recently talked about his anti-Crypto policies during a CNBC interview, insisting that 99% of all digital assets are based solely on feeling.
The new boss of the SEC proposed some praise for Hester Peirce, the pro-Crypto commissioner who was an ardent defender of the “common sense” cryptography regulations. “It is not surprising that she rightly obtained the title of 'crypto mom,” he said.
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The third cryptographic round table of the agency specifically focused on certain challenges concerning the rules of guard. Some believe that there should be another guard regime for cryptographic assets, but there are various problems that must be resolved.
Caroline Crenshaw, the solid democratic commissioner, has become the agency's dissenting anti-Crypto voice. It argued that the existing SEC care rules are the “gold stallion” of the protection of investors while warning of various unique risks associated with crypto and blockchain.
“Even the most responsible players need regulatory standards to effectively protect the customer … Should the rules be different for cryptographic assets?” She noticed during the round table.
