$BTC Atkins announced his intentions on Monday during a public meeting of the SEC's cryptocurrency working group, stating that he intends to establish guidelines for the distribution of cryptocurrency tokens that are securities. He also indicated the possibility of considering additional exemptions.
Atkins' vision for the SEC includes potential modifications to its rules to allow registered brokers with an alternative trading system (ATS) to facilitate the trading of assets not considered securities, such as bitcoin or ether, the two largest cryptocurrencies.
Atkins emphasized that a key priority of his chairmanship will be to develop a rational regulatory framework for cryptocurrency markets. This framework will establish clear rules for the issuance, custody, and trading of cryptocurrency assets, while continuing to deter bad actors from violating the law.
Having taken office last month, Atkins has stated that his main priority as chairman of the SEC will be to establish a solid foundation for digital assets and keep policy separate from securities laws.
The SEC's cryptocurrency working group, led by Republican SEC Commissioner Hester Peirce, is responsible for developing rules and guidance for the cryptocurrency sector.
