Atkins Reveals SEC’s New Approach to Crypto Regulation

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com “It is a new day at the SEC,” Atkins declared at the agency’s fourth crypto task force roundtable on Monday. His remarks come as a breath of fresh air for crypto investors and firms. They have been under the microscope of tighter regulations in recent years. Under Atkins, the SEC aims to move away from enforcement-driven policies. The agency plans to create a clearer, more supportive crypto regulation.A Shift Away from the PastAtkins wasted no time in distancing himself from the agency’s previous approach under former SEC Chair Gary Gensler. During his tenure, Gensler’s rhetoric was filled with concerns over fraud and manipulation in the crypto space, resulting in several high-profile enforcement actions against crypto firms. However, many of these cases were dropped after Gensler’s departure in January. Atkins, in contrast, has been a vocal supporter of crypto and its potential benefits. He expressed his intention to collaborate with lawmakers to establish a well-defined regulatory framework that supports innovation while ensuring investor protection.Chairman Paul Atkins gave the keynote address at today’s Crypto Task Force roundtable on tokenization: https://t.co/OwuTUziS3R pic.twitter.com/cFthndObOS— U.S. Securities and Exchange Commission (@SECGov) May 12, 2025In his speech, Atkins criticized the SEC’s past strategy of simply urging firms to visit the agency for guidance. He labeled this “head-in-the-sand” policymaking, claiming that the SEC hoped crypto would eventually fade away. Under his leadership, the SEC plans to use its existing authorities to create clear, actionable guidelines for market participants. The aim is to move away from ad hoc enforcement actions and instead focus on comprehensive, forward-looking regulation.Updates on Custody Rules and Broker-Dealer FrameworkAtkins also hinted at potential changes to rules around custody and broker-dealers. Specifically, he suggested that updates might be needed to allow funds and advisers to engage in self-custody under certain conditions. This would mark a significant shift from current policies, offering more flexibility for firms operating in the crypto space. Furthermore, he mentioned that the SEC is exploring adjustments to its special purpose broker-dealer framework, which could open doors for more crypto-focused firms to operate under clearer, more supportive guidelines.SEC CHAIR: “CLEAR RULES” FOR CRYPTO ARE COMING — GAME ON FOR ALTCOINS! At today’s tokenization roundtable, SEC Chair Paul Atkins made a bold promise that could reshape the entire crypto landscape: “My top priority is to develop a rational regulatory framework... pic.twitter.com/gIU8KTvat1— Diana (@InvestWithD) May 12, 2025With Atkins at the helm, the SEC is aiming for a more balanced approach that could bring much-needed clarity and stability to the digital asset market. His focus on working with lawmakers and industry participants could foster an environment where innovation can flourish, while still protecting investors. As crypto continues to evolve, this “new day” at the SEC may be exactly what the industry needs to thrive within a clear regulatory landscape.DisclaimerThe information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.The post Atkins Reveals SEC’s New Approach to Crypto Regulation appeared first on Altcoin Buzz.Source link