Within the team concerned with digital currencies, the new committee chair, Paul Atkins, delivered an opening speech that highlighted new trends in regulating the digital asset market.
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🏛️ Key Highlights of Paul Atkins' Speech
Clear Regulatory Framework: Atkins emphasized the need to develop a rational and clear regulatory framework for digital asset markets, covering their issuance, custody, and trading, with a focus on protecting investors from fraud and manipulation.
Avoiding Random Procedures: He announced that the committee would steer clear of policies based on random enforcement actions and would instead rely on its current authority to establish rules, interpretations, and exemptions for appropriately regulating digital assets.
Formation of the Task Force: He praised the formation of the task force concerned with digital currencies.