This week, Paul Atkins officially took the post of chairman of the US Securities and Exchange Commission (SEC). During the take -off ceremony, he emphasized that his main goal is to ensure regulatory clarity for digital assets.
We figure out how the appointment of ATKINS Paul on the post of chapter SEC will affect the crypto industry.
Atkins and a round table on crypt
Paul Atkins began to act as chairman of the SEC yesterday, April 23. Being a long -standing supporter of cryptocurrencies, he promises to adhere to a “fundamental approach” to regulate the cryptorrhist. Recently it turned out that the new head of the regulator owns digital assets worth more than $ 6 million.
On Friday, Atkins will perform at the round table of the commission on cryptocurrency issues. This will be his first public performance in a new status. Many expect that during the event it will clearly indicate the priorities of the SEC.
Regardless of what the new head of the regulator will say, many in the crypto community guess what exactly the department is focused on the new leadership. So, the SEC case against the Ripple crypto project was practically decided. For final settlement, official approval from Atkins is necessary.
The commissions also need to consider 72 applications for the launch of spinal exchange funds (ETF) based on altcoins. Atkins can speed up this process.
New look SEC
In his introductory speech, Atkins criticized the era of Gary Gensler, calling the SEC approach “unprincipled” and excessively politicized. He promised to “bring out policies from regulation” and make the United States “the world capital of cryptocurrencies” – which is fully consistent with the Trump rate.
However, some investors remain on his guard. The reasons for concern were two facts:
- Atkins headed the SEC before the crisis and resigned shortly before collapse. He later criticized post -crisis reforms, considering them excessive.
- He accused the US government of FTX collapse, claiming that “obscure rules provoked chaos.” Because of this, many believe that the too soft approach of Atkins can provoke an increase in fraud.
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Source: Cryptocurrency
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