SEC Chair: Cryptocurrency Should Be Clearly Regulated

Newly appointed SEC Chair Atkins spoke at a crypto roundtable organized by regulators in Washington, D.C. This was his first public appearance since officially taking on the role. He noted that the previous administration at the SEC contributed to uncertainty. "Unfortunately, innovation has been stifled over the past few years due to market and regulatory uncertainty, and unfortunately, the SEC has contributed to this uncertainty." Atkins assured the crypto industry that he is ready to collaborate with the U.S. Congress and the Trump administration to make regulation in this field clearer. In his view, a "reasonable purpose framework" for regulation is key to fostering the development of the digital assets industry, including risk reduction.