SEC CHAIRMAN TALKS ABOUT BITCOIN (BTC) AND CRYPTOCURRENCIES!

The US Securities and Exchange Commission (SEC) Chairman, Paul Atkins, recently discussed Bitcoin and cryptocurrencies in a statement to the Senate Financial Services Appropriations Subcommittee. Here are the key points :

-New Approach to Crypto Regulation: Atkins emphasized that the SEC's cryptocurrency policy will be developed through "notice and comment rulemaking, not enforcement." This marks a shift away from shaping crypto rules through court cases and enforcement actions.

Clear Rules for Investor Protection: The SEC aims to create clear rules to protect investors from fraud and scams. Atkins stressed that "clear rules of the road are essential to protect investors from fraud."

Focus on Issuance, Custody, and Trading: The SEC's crypto policy agenda will center around three pillars: issuance, custody, and trading. This will help prevent malicious individuals from violating the law.

Crypto Task Force: Atkins praised Commissioners Hester Peirce and Mark Uyeda for launching the Crypto Task Force, which has held roundtables on key issues like security status, crypto trading regulation, custody, and tokenization.

It's worth noting that the SEC's approach to cryptocurrency regulation has been evolving. Previously, under Chairman Gary Gensler, the SEC had taken a more enforcement-focused approach. Gensler had also stated that most cryptocurrencies, except Bitcoin, are securities .#BlackRockETHPurchase #CUDISBinanceTGE #TrumpTariffs #SaylorBTCPurchase