On May 12, at the roundtable of the Cryptocurrency Working Group, Paul Atkins, chairman of the SEC, marked a radical shift in cryptocurrency regulation in the U.S., moving away from Gary Gensler's 'regulation by compliance' towards a clear, rational, and standards-based framework. Atkins highlighted tokenization as an evolution comparable to the transition from vinyl to streaming, promising rules that drive innovation without compromising investor protection. This approach, backed by the Trump administration, seeks to establish clear guidelines for the issuance, custody, and trading of crypto assets, fostering institutional adoption and positioning the U.S. as a global crypto leader.