SEC chair: Open up rules to make US 'crypto capital of the planet'

Paul Atkins said it is 'a new day at the SEC'

Newly appointed Securities and Exchange Commission (SEC) chair Paul Atkins said a "key priority" will be to open up the regulation of cryptoassets, in order to fulfil President Trump's ambition for the United States to lead in the market.

In a speech at the Crypto Task Force Roundtable on Tokenisation on Monday (12 May), Atkins said it is "a new day at the SEC" – where policymaking "will no longer result from ad hoc enforcement actions".  Instead, the regulator will use its existing rulemaking to set "fit-for-purpose standards for market participants", Atkins explained, as he suggested a scaling back of regulatory investigations and a more open approach. As part of this, he shared plans to develop a "rational regulatory framework for cryptoasset markets" where trading and issuing of the likes of bitcoin and ethereum ar...