New SEC Chairman Paul Atkins spoke at the Crypto Task Force Roundtable on April 25, 2025, where he emphasized the need for clear crypto regulations. He criticized the previous administration's approach, stating that regulatory uncertainty has stifled innovation in the crypto industry. Atkins highlighted the potential benefits of blockchain technology, including efficiency, cost reduction, transparency, and risk mitigation.
Key Takeaways from the Roundtable:
- Clear Regulatory Framework: Atkins emphasized the need for a rational and fit-for-purpose regulatory framework for crypto assets, focusing on issuance, custody, and trading.
- Custody Considerations: The roundtable discussed challenges SEC registrants face in safely custodying crypto assets for customers, and whether changes are needed to existing custody rules.
- Support for Innovation: Atkins expressed support for innovation, stating that the US should be the hub for crypto innovation, and that his administration would work to provide clarity on regulatory requirements.
SEC's Shift in Approach:
The SEC, under Atkins' leadership, appears to be shifting its approach from "regulation through enforcement" to a more proactive and principled approach to crypto regulation. Atkins thanked Commissioner Hester Peirce, known as "CryptoMom," for her advocacy for common-sense crypto policy.$BTC
R#BTCNextATH #oundtable on April 25, 2025, where he emphasized the need for clear crypto regulations. He criticized the previous administration's approach, stating that regulatory uncertainty has stifled innovation in the crypto industry. Atkins highlighted the potential benefits of blockchain technology, including efficiency, cost reduction, transparency, and risk mitigation.
Key Takeaways from the Roundtable:
- Clear Regulatory Framework: Atkins emphasized the need for a rational and fit-for-purpose regulatory framework for crypto assets, focusing on issuance, custody, and trading.
- Custody Considerations: The roundtable discussed challenges SEC registrants face in safely custodying crypto assets for customers, and whether changes are needed to existing custody rules.
- Support for Innovation: Atkins expressed support for innovation, stating that the US should be the hub for crypto innovation, and that his administration would work to provide clarity on regulatory requirements.
SEC's Shift in Approach:
The SEC, under Atkins' leadership, appears to be shifting its approach from "regulation through enforcement" to a more proactive and principled approach to crypto regulation. Atkins thanked Commissioner Hester Peirce, known as "CryptoMom," for her advocacy for common-sense crypto policy.