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New US SEC Chair Says Crypto Sector Deserves Clear Regulations

New US SEC Chair Says Crypto Sector Deserves Clear Regulations

Atkins, who has worked with crypto firms in recent years, has widely been expected to take a softer tack with the industry.

By Reuters | Updated: 28 April 2025 14:35 IST

New US SEC Chair Says Crypto Sector Deserves Clear Regulations

Photo Credit: X/ @SECGov

The SEC has dramatically shifted its position on crypto in recent months

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Highlights

Paul Atkins swore-in as the US SEC Chair last week
He plans to reverse ex-SEC Chief, Gary Gensler's anti-crypto approach
The SEC now seeks to create new regulations for the sector

The new head of the US Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering "regulatory uncertainty" in prior years.

"Market participants engaging in this technology deserve clear regulatory rules of the road," Paul Atkins said in his first remarks since being sworn in as chairman of the agency as chairman earlier this week.

He spoked at the SEC's crypto roundtable, which the Republican leadership launched to weigh how securities laws may apply to digital assets, an area of tension between the sector and the agency under previous leadership.

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Atkins, who has worked with crypto firms in recent years, has widely been expected to take a softer tack with the industry. The agency's previous chair, Gary Gensler, had targeted what he described as widespread noncompliance of the industry with US securities laws.

Even before Atkins' arrival, the SEC has dramatically shifted its position on crypto in recent months, seeking to create new regulations for the sector and pausing or altogether walking away from enforcement cases.

When asked about the potential for the SEC to suspend trading of Chinese companies as trade tensions rise between the world's two largest economies, Atkins said that the agency will take action if companies do not abide by US laws.

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(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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