#CryptoRoundTableRemarks

The SEC's crypto task force held an important roundtable discussion, marking a turning point in the agency's approach to digital currencies.

Chairman's Vision – Paul Atkins

Paul Atkins, the head of the SEC, stated that it is time to move from a punitive approach to establishing a clear and organized regulatory system.

He emphasized the need to develop new laws for the registration, trading, and custody of digital assets, instead of relying on scattered interpretations from agency staff.

Commissioner Hester Peirce – "Innovation First"

Hester Peirce, known for her support of the industry, stressed the importance of "tokenization" and linked the evolution of blockchain to the early days of the internet.

She affirmed that the agency needs to understand the technology well so as not to slow down the pace of innovation.