On October 11, 2023, SEC Chairman Paul Atkins announced plans to establish clear rules for regulating digital assets, including the registration, issuance, custody, and trading of cryptocurrencies at an official level, instead of the conflicting guidance issued by agency staff. Atkins proposes providing greater flexibility in asset custody options for registrants and expanding the trading scope to include digital assets that are not classified as securities. This initiative aims to provide a stable and clear regulatory environment for growing industries such as stablecoins and decentralized networks, thereby supporting sustainable growth and attracting more institutional investments. These steps come amid increasing pressure from the U.S. Congress to build a comprehensive legislative framework that also includes the trading and regulation of stablecoins within a clear legal pathway.

Do you agree that establishing clear regulatory rules will encourage greater integration of traditional institutions into the cryptocurrency market?