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SEC's Atkins Says Era of Stifling Innovation Is Over, Vows Clarity on Digital Assets
Summary
- Paul Atkins, chairman of the U.S. SEC, said he would provide regulatory clarity for the digital-asset market while signaling a more innovation-friendly stance.
- He added that under President Trump's leadership, he would work with the administration and lawmakers in Congress to provide the regulatory clarity needed for the digital-asset market.
- Trump said former SEC Chairman Gary Gensler had driven the U.S. virtual-asset, or cryptocurrency, industry overseas and said he would not disappoint the virtual-asset industry.
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Paul Atkins, chairman of the U.S. Securities and Exchange Commission, said he would provide regulatory clarity for the digital-asset market and signaled a more innovation-friendly approach.
Writing on X on May 27, Atkins said the SEC had long been hostile to new technology and innovation, driving entrepreneurs overseas. "That era is now over," he wrote.
Under President Donald Trump's leadership, he said, he would work with the administration and lawmakers in Congress to provide the regulatory clarity the digital-asset market needs.
Earlier that day, Trump wrote on Truth Social that former SEC Chairman Gary Gensler had driven the U.S. virtual-asset, or cryptocurrency, industry overseas. He also said he would not disappoint the virtual-asset industry.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
