The Chairman of the U.S. Securities and Exchange Commission Leads a Regulatory Revolution to Regulate Cryptocurrencies

In a radical shift within the U.S. Securities and Exchange Commission (SEC), the new chairman, Paul S. Atkins, announced that regulating cryptocurrencies will be a top priority of his leadership, promising to establish clear rules instead of the controversial "enforcement-first" policy previously adopted by the agency. Atkins: The absence of regulation has opened the door to cryptocurrency fraud

In his testimony before the Senate Appropriations Subcommittee on June 3, Atkins explained that cryptocurrency regulation in the United States currently lacks a clear and organized framework, which has encouraged the proliferation of fraud and hindered innovation. He emphasized that his top priority will be to create an integrated regulatory system that supports technological development and protects investors. Reports indicate that under Atkins' leadership, the SEC will work on preparing precise and comprehensive rules regarding cryptocurrency issuance, storage mechanisms, and trading systems, as part of comprehensive reforms aimed at updating the cryptocurrency regulatory landscape. A new task force to lead cryptocurrency regulation at the SEC

In a practical step, the agency has launched a specialized task force for cryptocurrency regulation.