The new SEC chief welcomes the support of Congress as accounts for CRIPTO Advance regulations
- The new SEC chair Paul Atkins called on congress shares to support the cryptic regulation, stating that clear legal support would help engage in the regulatory ambiguity that suffocates innovation.
- Speaking in the round table in Washington, Atkins pointed out the need to modernize the rules of custody and create a transparent framework for financial systems based on Blokchain.
- His comments match on current debates over the FIT21 account, which would share the digital asset monitoring between CFTC and SEC.
The Newly appointed Sec Chair, Paul Atkinsstated that they will welcome congress action to clarify the regulatory framework for digital property.
Speaking at the Second Team in the Secu Sec in Washington, they stated Atkins:
It is always good to have a congress entry; If there is a statute to return what we do, I think it’s all the better.
Paul Atkins, Sec Chair Innovation market for efficiency
During the friendly round table, discussions focus on CRIPTO CARDIANS challenges, according to current securities laws. The Atki examined whether the updates of the Study Rules are in accordance with the Stock Exchange Act, the Law on Advisors or Investment Company is necessary for calculating the CRIPTO assets and the ClocCchain system correctly.
Atkins, now in the Sex, he serves his third deadline, that entrepreneurs who use blockoin are to modernize the financial sector “deserve clear regulatory rules” and emphasized that regulatory ambiguities must be solved:
I expect huge benefits from this market innovation, reducing costs, transparency and risk mitigation. Participants in market engaged in this technology deserve clear regulatory rules. Innovation was comforted in the last few years due to the market and regulatory uncertainment that unfortunately emphasized
Paul Atkins, Sec Chair Atkinny swore in SEC chair earlier this week after confirmed by the Senate. During the swear, he presented priorities directed to encourage capital formation, market efficiency and investor protection, at the same time establishing a clear and transparent framework for digital property.
The new chair also congratulated and thanked the Pierce Commissioner for its “principled and tireless advocacy for the usual CRIPTO policy in the United States”, toward Notes published on the official website of the SEC.
Discussions about whether SEK or CFTC is the most appropriate to regulate the crypto industry
His comments come as legislators continue to discuss the structure of a significant market invoice that could determine whether SEC or trade futritcative commission (CFTC) will serve as a major regulator for cryptocurrency and other digital assets.
This account is financial innovation and technology for the act of 21. century (FIRT21), which aims to establish clear lines of powers between two agencies when it comes to monitoring digital property.
First of all, CFTC would get more control over new category called “digital goods”, and the sec would focus on “limited digital assets”, which are basically or not decentralized or operating in functional blocks of systems.
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2025-04-28 07:42:00
