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1. Paul Atkins' Regulatory Attitude Toward Digital Assets
#PaulAtkins In his inaugural address, he clearly stated that he would provide a solid regulatory foundation for digital assets through 'rational, coherent, and principled' means, emphasizing the avoidance of purely enforcement-based regulation and shifting towards cooperation and dialogue. He promised to make the United States the 'best and safest' place for crypto operations and activities, aiming to attract institutional investors and promote healthy industry development. Atkins has long served as a crypto advocate, serving as #TokenAlliance co-chair and has repeatedly called for clear rules to prevent regulatory vacuum from harming market participants. In contrast to the tough enforcement of his predecessor #GaryGensler, he advocates collaborating with Congress and other committee members to reduce policy uncertainty, aiming to bring long-term stability and transparency to the digital asset market. Industry leaders #MichaelSaylor have also expressed on social media that Atkins’ appointment 'will benefit $BTC' and expect Bitcoin and other mainstream tokens to benefit from a more relaxed regulatory environment.
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2. Possible Impact of the Speech on the Crypto Market
As his first public discussion on digital assets, Atkins spoke at the crypto custody roundtable on April 25, which is expected to release multiple positive signals:
First, a clear regulatory framework will significantly reduce compliance costs and legal risks, encouraging more institutions to enter the market and secure funding levels.
Second, establishing uniform standards for custody, security, and transparency could enhance investor confidence and improve market liquidity and depth.
Third, his remarks may guide the industry from a scattered 'wild state' towards institutionalized operations, helping #DeFi and #Web3 projects gain broader recognition.
Additionally, if the U.S. takes the lead in launching clear policies in the global regulatory competition, it may attract overseas capital back and consolidate its leadership position in the digital asset field.
Finally, the market may respond positively to favorable expectations in the short term, accompanied by a decrease in the volatility of major digital assets such as Bitcoin, ushering in a phase of bull market pattern.
