SEC chair Paul Atkins reveals plans to remove rules on securities crypts

Current regulations, they stated Atkins, do not match the new industry. The goal of the new regulatory framework, added Atkins, will be to develop rules to rationally manage this class property. At the same time, the new rules will protect consumers, he emphasized.

“The key priority of my presidency will be the development of the Krupto’s rational regulatory framework, which establishes a creptic catering, custody, and continuing to discourage bad actors that violate the law,” Atkins said.

Atkins emphasized that only four crypto publishers successfully recorded their offer in accordance with Secu Rules. He added that this is a failure in the part of the regulator, not the industry. Moreover, he picked up the innovative potential of the industry.

CRYPTO securities have significant potential in innovation: SEC

The SEC chair said that tokenized securities are held by great innovative potential, comparing them with the digital revolution in the musical industry. Tokenized securities can automatically issue dividends, unlock liquidity and create brand new market structures.

These remarks are a clear departure from the former Second Management under the Chair Gari Gensler. The former chairman believed that the current regulations of securities were sufficient to regulate the cryptic funds. This drew criticism from the industry, which came to the law on securities as too much restrictive in the emerging sector.

SEC formed a crippto work breasts, designed to address this regulation. His head is the trust of Sec Hester Peirce, known for his PRO-CRIPTO apartment.