#CryptoRoundTableRemarks

In yesterday's meeting on May 12, SEC Chairman Paul Atkins said that the agency intends to abandon the "enforce first and talk later" approach and will begin working on a clear framework for regulating crypto. This statement represents a significant shift, and the industry has been waiting for a moment like this for years.

Why is this important? First, it provides companies with legal clarity instead of the fear of sudden lawsuits. Second, it reduces the costs and pressure on startups and investors. Additionally, it helps America remain competitive against Europe and the UK, which are working on their own regulations.

But does this mean everything is fine now? Not yet. So far, there is no draft legislation or details. There are still many unanswered questions, such as whether Ethereum is considered a security and how they will deal with NFTs and DeFi. Most importantly, when will the draft be released?

In short, what happened is a glimmer of hope. If the SEC fulfills its promise and releases a transparent and fair framework before the end of 2025, it will change the game. If they delay or revert to the old approach, the industry will have lost a very important opportunity.