According to Foresight News, Paul S. Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), stated during his testimony before the House Financial Services and General Government Appropriations Subcommittee on May 20, 2025, that he would prioritize promoting the SEC's regulatory transparency and accountability mechanisms, particularly in the field of digital assets. He emphasized that the SEC should conduct rigorous cost-benefit analyses when formulating rules to avoid adverse impacts of excessive regulation on market innovation.
Paul Atkins also pointed out that the SEC will strengthen its cooperation with Congress to ensure that its regulatory activities align with legislative intent and adopt a prudent approach to digital asset regulation to avoid hindering technological advancement. He stated that the SEC will continue to fulfill its mission of protecting investors and maintaining market integrity while promoting the healthy development of financial markets.