Editor's PiCK

U.S. SEC Chair: "Will Ensure Eased Virtual Asset Regulations Continue After Trump"

Source
Suehyeon Lee

Summary

  • Paul Atkins, chair of the U.S. SEC, said he would pursue a policy of easing virtual asset regulations that is sustainable after the Trump administration.
  • Atkins said he plans to promptly revamp the regulatory framework aiming to future-proof it.
  • Atkins emphasized that cooperation with the CFTC would secure both clarity and innovation in the virtual asset market.

Paul Atkins, chair of the U.S. Securities and Exchange Commission (SEC), expressed his intention to pursue a policy of easing regulations on virtual assets (cryptocurrencies) that would be sustainable after the Trump administration.

On the 11th (local time), Cointelegraph reported that Atkins said at a conference hosted by the Managed Funds Association (MFA) in New York, "The SEC will promptly revise regulations so that future policy changes can be 'future-proof'," and mentioned relaxed virtual asset regulations that could continue after President Donald Trump leaves.

He said, "Now is a prime opportunity for U.S. financial regulators to cooperate to create a sustainable framework," and emphasized, "The key is to implement the system, reach an agreement, and then let the market operate on its own."

Atkins also added regarding collaboration with the Commodity Futures Trading Commission (CFTC), "The two agencies can divide roles to secure both clarity and innovation in the virtual asset market."

publisher img

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
What did you think of the article you just read?