- Paul Atkins urges the SEC to replace outdated crypto rules with a practical, innovation-friendly framework.
- Atkins criticizes earlier enforcement tactics and calls for cooperation, adaptive digital assets regulation.
In a strong deviation from the approach to his predecessor, the newly named SEC chairman Paul Atkins emphasized the urgent need to renew the outdated crypto instructions from the agency.
Atkins’ vision of the crypto industry
Atkins spoke on the third crypto Task Force Roundtable in Washington, DC and criticized the current strategy for enforcement and argued that innovation within the digital asset space has long been hindered.
Instead, he called for a future -oriented, practical regulation framework that can encourage technological progress and guarantee investor protection, which indicates a possible shift in a more balanced and innovation -friendly policy position.
Note about this, in his opening commentsNoted atkins,
“Unfortunately, innovation has been suppressed in recent years because of market and regulatory uncertainty that unfortunately the SEC has promoted.”
This emphasizes that Atkins wasted only a few days in his new role, which does not indicate time to a tone change.
During his debut appearance at the Crypto Roundtable of the agency, Atkins underlined his intention to tackle persistent uncertainties around digital assets regulation and distributed ledger technologies.
He emphasized the importance of cooperation with fellow commissioners, personnel and industrial voices to make a more adaptable and transparent framework.
In fact, his vision of a “rational fit-for-purport” regulatory model is a clear pivot point of the historical rigid attitude of the SEC, which offers hope for more pragmatic supervision in the developing crypto landscape.
Atkins praises Hester Peirce – here is why
Chairman Atkins also took a moment to promote commissioner Hester Peirce, lovingly ‘crypto -mother’ mentioned by the community, for her non -repellent dedication to promoting sensible crypto regulation.
He acknowledged her persistent efforts and noted that Peirce is well positioned to lead the development of a balanced regulatory framework that is tailored to digital assets.
Atkins also transferred a sense of optimism about blockchain technology, which indicates the transforming potential in the industry if it is fed under the right policy environment.
He explained,
“I expect enormous benefits of this market innovation in terms of efficiency, cost reduction, transparency and risk reduction.”
Is Atkins a different approach than Genler?
Moreover, the new SEC chairman did not shy away from criticizing the regulatory inheritance that his predecessor, Gary Gensler, left behind.
He openly disputed the earlier dependence on enforcement-driven tactics, in particular the series of lawsuits aimed at high-profile crypto companies such as Coinbase and Binance, with the argument that such an approach has done more harm than good.
Thinking about the interim leadership under Mark Uyeda, who saw a retreat of aggressive enforcement, atkins hinted to a broader shift in tone and strategy.
He wondered if the current framework “Special-Purph Broker dealer” really serves the evolving needs of crypto-market participants, or whether a more tailor-made, cooperation model is too late.
That said, the comments of Atkins indicate a clear deviation from the past, one that emphasizes an open dialogue with industry and creating a regulation structure that can really accommodate the complexity of digital assets.
