According to Foresight News, Paul S. Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), stated during his testimony before the House Financial Services and General Government Appropriations Subcommittee on May 20, 2025, that he will prioritize enhancing the SEC's regulatory transparency and accountability mechanisms, particularly in the realm of digital assets. He emphasized that the SEC should conduct rigorous cost-benefit analyses when formulating rules to avoid the adverse effects of excessive regulation on market innovation.
Paul Atkins also noted that the SEC will strengthen its collaboration with Congress to ensure that its regulatory activities align with legislative intent and adopt a prudent approach to digital asset regulation, avoiding hindrances to technological advancement. He stated that the SEC will continue to fulfill its mission of protecting investors and maintaining market integrity while promoting the healthy development of financial markets.