🔑 Key highlights from Paul Atkins' speech
• Commitment to reforming digital asset custody regulations: Atkins emphasized the need to update current regulations to fit the characteristics of digital assets, in order to facilitate innovation and protect investors.
• Collaboration with the industry: He called for cooperation between the SEC and stakeholders in the industry to build a flexible and effective legal framework for digital asset custody.
• Reassessing current regulations: Atkins proposed evaluating existing regulations to ensure they do not hinder the development of new technologies and align with the realities of the digital asset market.
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🧠 Market impact analysis
Atkins' speech is viewed positively for the crypto market, reflected in the commitment to reform and collaboration with the industry. However, he also stressed the necessity of oversight and investor protection, indicating a balanced approach between innovation and risk management.
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📈 Market situation after the speech
Immediately after the speech, the price of Bitcoin (BTC) reacted positively, slightly rising to around $95,441. However, the market still needs time to digest the information and assess the long-term impact of the new policies.
