U.S. SEC Commissioner: "Set standards for conflicts of interest in virtual assets, investigate if necessary"
Doohyun Hwang
Summary
- SEC Commissioner Paul Atkins said he will establish standards concerning conflicts of interest within the virtual assets industry.
- The SEC said that, based on legal authority, it can initiate investigations into industry conflicts of interest when necessary.
- He avoided mentioning specific companies or products, but indicated the possibility of stronger regulation across the industry.
SEC Commissioner Paul Atkins said that regarding conflicts of interest within the virtual asset (cryptocurrency) industry, "we will establish standards and, if necessary, conduct investigations."
On the 25th (local time), according to The Block, Atkins was asked at a conference hosted by Georgetown University's Center for Financial Markets Policy by a student, "What are your thoughts on conflicts of interest in the virtual asset field?" He replied, "If there are conflicts of interest, we will root them out and set clear standards."
He added, "The SEC is an agency that enforces the law," and said, "I cannot comment on specific companies or products, but we will launch investigations if necessary."
Doohyun Hwang
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