In one of his first speeches since he became president of the United States Stock Exchange and Securities Commission (SEC) in April, Paul Atkin addressed some of the regulatory Conerns around the cryptocurrency industry.
In the comments prepared for a speech on May 19, Atkins said it was a “new day” for the cryptographic industry under the current SEC leadership. He suggested that the financial regulator would be more open to “adapt and accommodate a new development” while continuing to respect its statutes.
“Cryptographic markets have bones in the Limbo of the SEC for years,” Atkins said, added:
“While I have addressed the commission personnel through our policy divisions to begin writing proposals for cryptography related rules, the staff continues to” clear the brush “through statements at the personnel level.”
Even before Atkins assumed the role of president of the SEC, the actions of the commission under Donald Trump suggested that Radical would depart from the leadership of former President Gary Gensler. In 2025, the SEC has eliminated several investigations and execution actions against cryptographic companies and has issued guidance on memecoins and security tokens.
Related: The CFTC Commissioner will leave the agency on May 31
“At the beginning of my mandate as president, I can say that he is returning to our promotion roots, instead of suffocating, innovation,” Atkins said. “The markets innovate, and the SEC should not be in the business to tell them to stop them.”
Looking for Congress for market structure
Atkins’ comments occurred when US legislators considered a draft legislation to establish a regulatory structure for cryptographic markets. The proposed bill, which are moved through the House of Representatives, could clarify the roles that the SEC and the Basic Products Trade Commission (CFTC) have to supervise and regulate digital assets.
Until the legislation approves Congress and is signed, the rules and guidelines of the SEC on cryptography could face the rejection of the affected parties.
https://www.youtube.com/watch?v=ziirhv3cbog
The president of the SEC has given opening comments and supervised the round table events of the Commission, discussing regulatory problems surrounding digital assets and block chain. The next event, scheduled for June 9, will cover decentralized finances.
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