SEC Chairman Nominee "Prioritizing Clarity in Digital Asset Regulation"

Paul Atkins, nominee for Chairman of the U.S. Securities and Exchange Commission (SEC), stated that "prioritizing the establishment of a clear regulatory framework for digital assets" is a priority.

Atkins, during his opening remarks at the U.S. Senate Banking Committee confirmation hearing on the 27th (local time), said, "We have witnessed unclear or non-existent regulations for digital assets leading to market uncertainty and hindering innovation." He added, "Creating regulations and achieving their intended purpose are entirely different matters," and emphasized that "regulations must be smart, effective, and appropriately designed within the scope of legal authority." He further stated, "Clear rules benefit all market participants."

He also hinted at regulatory easing. Atkins said, "Entrepreneurs in the U.S. and around the world are ready to invest in America under President Trump's leadership," but "the current financial regulatory environment acts to block investment and penalize success." He continued, "Unclear and politically tainted regulations are suppressing capital formation," and "American investors are overwhelmed by vast disclosure information that does not actually help."

Atkins reiterated the promotion of investment. He stated, "If confirmed, I will ensure that America remains the safest and best place to do business in the world, and the best place for American citizens to invest their valuable assets for the future," and "I will promote investment and growth through investor protection, fair application of regulations devoid of politics, and clear rules." He added, "The financial system we create together will be dynamic, innovative, and rapidly evolving, providing an opportunity for the U.S. to maintain and advance its global financial leadership."