Paul Atkins’ first public event as President of Securities and Exchange Commission of the United States was a round crypto round touch on Friday, where the new chief of the agency devoted his inaugural speech to ensure the industry that he will continue to redo a securities policy to promote innovation of digital assets.
The agency and the industry await congress actions to establish surveillance of the structure of the cryptography market which will probably put railings, and Atkins told an audience at the headquarters of Washington of the SEC that the regulator will work on delivery “of a rational framework and ale-assassin” for the crypto.
However, in response to a Coindesk question after his speech, Atkins indicated that the agency could be able to act to a certain extent during this expectation of new laws.
“It is always good to have the contribution of the congress, and if there is a law to safeguard what we are doing, I think it’s the best,” said Atkins. “But we have ample space to maneuver under the existing rules and laws.”
Atkins also suggested that he thought that the concept of special cryptocurrency broker dealers, a little-used recording, the most important represented by Prometheum, has been very successful and may have to be reconsidered, and he declared that the agency would examine if the rules of the guard must be modified to “adapt to crypto assets and technology”.
Atkins previously appeared during an Escure ceremony earlier this week at the White House, where Trump said that “he is the perfect man to direct this agency” at a time when the digital asset sector needs regulatory clarity, and Atkins said that “absolute priority of my presidency will be to provide a firm regulatory basis for digital active ingredients”. But Friday’s event at the SEC headquarters represented its first full -fledged commitment with the public.
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The cryptography sector has great hopes for Atkins, although his replacement for a few months – Commissioner Mark Uyeda – has already taken a certain number of decisive measures to reverse the previous reluctance of the regulator’s cryptography under former President Gary Gensler. As an acting president, Uyeda has reversed or sidelined a number of cryptographic political efforts pursued under peopleler and abandoned most of the actions to apply the main actions of the regulator targeting industry.
Until now, the expectations of the industry in terms of Atkins leadership were based on conjectures anchored in its experience of advisor and investing in digital asset companies, especially since its Senate confirmation audience has not explored its crypto opinions.
Atkins had been an advisor to cryptographic entities such as the digital chamber and as a member of the board of directors of the SECURITIZE Tokenization Society, and its links with the capital of the chain had previously linked it to its investment issues in large cryptographic companies like Digital Currency Group (DCG) and Kraken.
Friday’s round table was the third in a series that the agency held on Crypto Matters, this time focused on industry custody. Carding cryptography was a particularly risky subject to the agency, which under the reign of peopleler had sought to approve a demanding policy that investment advisers only put the digital assets of their customers with certain qualified guards. Gensler had argued that the rule aimed to exclude most of the existing crypto platforms as appropriate guards, but the effort was put on the ice.
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Atkins was questioned by journalists on the touch of the event on President Trump’s cryptographic interests and if Trump’s same, $ Trump, will steal the credibility of the White House on Industry Policy.
“I have no comments on all of this,” said Atkins.
