SEC Chairman Promises to Provide Clear Rules for Cryptocurrency Market

Paul Atkins, Chairman of the Securities and Exchange Commission (SEC), commented on the White House’s cryptocurrency report by stating, "It essentially reflects the convictions I have long maintained."

On the 30th (local time), Chairman Atkins released an official statement, saying, "The (cryptocurrency) policy recommendations presented by the White House are the result of months of cooperation among various agencies." He also stated, "We jointly developed a blueprint to achieve President Donald Trump’s vision of making the United States the center of the global cryptocurrency market."

Previously, the U.S. White House published a report outlining its policy stance on cryptocurrencies. Atkins stated, "The cryptocurrency report essentially reflects the convictions I have long maintained," and added, "A rational regulatory framework for digital assets is the best way to foster U.S. innovation, protect investors, and make our capital markets the envy of the world." He continued, "The SEC will utilize its existing authority to establish new rules and regulations, and will enforce all new laws enacted by Congress to continue playing a key role in building the (cryptocurrency) federal system."

He reiterated the commitment to fostering the cryptocurrency industry. Chairman Atkins emphasized, "We must maximize the innovative potential of digital asset technology, ensure financial stability, and protect investors," highlighting that "in line with the (cryptocurrency) report, we will prioritize the development of forward-looking regulations that foster innovation while mitigating risks." He added, "The United States must do more than simply keep pace with the speed of the cryptocurrency revolution."