#Write2Earn

Paul Atkins' Plans for the SEC.

At the last meeting, the SEC held its fourth Crypto Roundtable discussion focused on tokenization. Its agenda had been announced for several weeks, and the Commission published full statements from several members.

Hester "Crypto Mom" Peirce was full of enthusiasm, Caroline Crenshaw displayed her usual skepticism, and SEC Chair Paul Atkins delivered an inaugural speech:

"For the United States to become the 'crypto capital of the planet,' as envisioned by President Trump, the Commission must keep pace with innovation. Rules and regulations developed for off-chain securities may be incompatible or unnecessary for on-chain assets and could hinder the development of blockchain technology," he asserted.

This discussion is the second Crypto Roundtable discussion led by Paul Atkins since taking office as SEC Chair. However, today's address was markedly different.

Atkins claimed that the SEC has a duty to "establish standards of suitability for market participants." To achieve this, he identified three overarching areas of interest:

Firstly, Atkins argued that the SEC should enable cryptocurrency companies to clearly issue securities contracts. Issuers generally avoided the Howey test, and Atkins mentioned that currently only four cryptocurrency firms have registered securities offerings.

Secondly, Atkins wants to mandate the SEC to liberalize the deposit rules for crypto assets. He plans to encourage more of them through reform of the “qualified custodian” requirements and the broker-dealer framework.

This relates to recognizing self-custody solutions based on blockchain technology and other technologically advanced approaches that are currently not aligned with the legal view on asset custodianship.

In a particularly important move, Atkins wants the SEC to allow for more trading of assets.