US SEC Chairman: "Will Develop Reasonable Regulations for the Virtual Asset Market"

Uk Jin

Summary

Paul Atkins, SEC commissioner, stated that he will develop reasonable regulations for the virtual asset market and establish clear rules.
The hearing focused on discussions about the TRON case and approaches to virtual asset regulation.
The SEC has determined that meme coins are not securities.

Paul Atkins, a commissioner of the Securities and Exchange Commission (SEC), stated that "As the SEC chairman, my priority is to develop a reasonable regulatory framework for the virtual asset (cryptocurrency) market, establish clear rules for the issuance, custody, and trading of virtual assets, and deter malicious activities."

According to the virtual asset specialist media The Block on the 20th (local time), Commissioner Atkins revealed this during a House Appropriations Committee hearing.

During the hearing, questions were raised not only about the approach to virtual asset regulation but also about the stance on the TRON (TRX) lawsuit.

Glen Ivey, a Democratic Congressman from Maryland, said, "TRON founder Justin Sun purchased tokens worth $30 million from World Liberty Finance (WLFI), and Sun also announced that he would attend a private dinner with President Donald Trump," adding, "I believe the SEC should investigate this matter."

In response, Commissioner Atkins stated, "The TRON case is currently ongoing, and the SEC has determined that meme coins are not securities."

TRX

WLFI

TRUMP