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Chairman of the U.S. Securities and Exchange Commission (SEC) Paul S. Atkins called during Tuesday's meeting of the Advisory Committee on Small Business Capital Formation in Washington for a reassessment of Regulation A, emphasizing that the current legal framework does not meet the expectations of a wide range of issuers, including those dealing with crypto assets.

Speaking on the sixth anniversary of the Committee's establishment, Atkins took the opportunity to highlight persistent regulatory hurdles hindering capital formation for small businesses and the limited reach of Regulation A despite earlier reforms. The SEC chief delivered a scathing critique of the inefficacy of the regulation, stating:

Regulation A did not provide viable regulatory frameworks that could be widely adopted by all issuers, including those offering specific types of securities based on crypto assets, to raise capital without incurring disproportionate compliance costs.