According to BlockBeats, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins is actively advancing his reform agenda, aiming to usher in a 'new era' for the SEC and shift its policy stance on digital assets.
During his testimony before the Senate Appropriations Committee's Financial Services and General Government Subcommittee on Tuesday, Atkins emphasized his commitment to establishing a 'rational regulatory framework' for crypto assets. He prioritized rule-making and enhancing transparency over relying on enforcement actions.
Atkins stated, 'Clear regulatory rules are crucial to protect investors from fraudulent activities, as they at least help identify blatantly illegal schemes. Policy-making will be conducted through a notice-and-comment rulemaking process, rather than through regulation by enforcement.'