U.S. SEC Commissioner "Will speed up approval of crypto ETFs through internal innovation"

JH Kim

Summary

Paul Atkins, U.S. SEC commissioner, said he would expedite the approval process for crypto ETFs through internal innovation.
The SEC said it will continue market oversight and improvements to digital asset-related regulations even during a government shutdown.
Experts said the remarks signal an attempt to increase regulatory efficiency in response to the growth of the U.S. crypto ETF market.

Paul Atkins (Paul Atkins), a commissioner of the U.S. Securities and Exchange Commission (SEC), said he plans to expedite the approval process for crypto (cryptocurrency) spot exchange-traded funds (ETFs) through internal innovation. He emphasized that market oversight and improvements to regulations related to digital assets will continue even in a shutdown (government shutdown) situation.

On the 22nd (local time), according to crypto-focused media CryptoBriefing, Commissioner Atkins said, "Even though the federal government has suspended operations due to a shutdown, the SEC's market oversight continues," and "to promote crypto innovation, we will establish a new internal project management system and increase the speed of crypto ETF approvals."

He also added, "We will strengthen the SEC's internal innovation processes to shorten regulatory review procedures related to crypto assets," and "we will expand communication with market participants to reduce uncertainty."

Experts assessed that this remark is a signal to increase the regulator's response speed and efficiency amid the recent rapid growth of the crypto ETF market in the U.S.