🇺🇸 The new SEC chairman announced a shift in approach to cryptocurrency regulation
Paul Atkins stated that the previous policy of 'ad-hoc lawsuits' is a thing of the past. Now, the regulator will develop clear and tailored rules for digital assets.
The SEC will consider:
Allowing self-custody for funds and managers;
Providing leniency for new crypto projects that do not fit into old rules;
Updating rules for brokers and custodians.
"This is a new day for the SEC. Cryptocurrency has the potential to bring huge benefits — our job is not to obstruct but to regulate wisely," Atkins stated.