SEC chair Atkins reaffirms end of harsh crypto enforcement, proposes unified framework

Chairman of the US Securities and Stock Exchange Commission Paul Atkins announced a large pin in the Agency’s access to digital assets and signaled the end of what he called “filming-first-askestiony-Luer” recovery.

In your notes on sec conferenceAtkins said that the agency would start proposing proposals for formal rules adapted to the crypte industry and opening the door for federally regulated binding and trading in securities and disadvantages under one roof.

“Crypto markets have been disappearing for years in Sec Limbo. We have to stop handling innovations as a threat.”

‘New Day on Sec’

Atkins condemned the past treatment of cryptomy of sec and accused the agency of offers a small lead when summoning summons in response to achieving good faith.

He added that this led to a regulatory environment without confidence and confusion. Atkins further criticized the inability of the Commission to modernize registration processes for emerging technologies and undertook end the pattern opaque recovery.

Instead, Atkins ordered SEC employees to transparently involve the industry and already allow new instructions for employees, including questions dealing with the intermediary’s questions and the transfer agent related to digital assets.

He said:

“It’s a new day in SEC.

Unified Crypto Framework

Looking forward atkins outlined and long -term vision This includes enabling securities and digital assets in one regulated environment.

He said it could reduce costs, support innovations and lay the foundations for what he called the future of “super-application” in financial services.

Atkins also revealed plans to dismantle the strategic center of the Agency for Innovation and Financial Technology or Finhub, which claimed that its narrow scope and heavy reputation were ineffective. Instead, it plans to insert innovative priorities across the full structure of the Commission.

While specific rules ‘proposals are still in development, Atkins’ speech has marked a departure From the previous attitude of the agency and offered the brightest signal that SEC is preparing to accept, not defend, the ecosystem of digital assets.

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