The president of the SEC, Paul Atkins, is committed to reshaping the regulation of cryptography, promising clear rules for the issue of assets, the guard and the trade. Speaking during the Cryptographic Round Table of the SEC, he criticized the tactics prior to the application of laws. While ATKINS has put pressure for the reform, Commissioner Crenshaw urged prudence and Commissioner Uyeda stressed the potential for the effectiveness of the tokenization market.
Atkins promises clear cryptography directives
The new president of the SEC, Paul Atkins, said on Monday that the agency brought great changes to the way he manages cryptocurrency. He shared plans to establish clear rules on how cryptographic assets are issued and stored, calling him a “new day” for the dry.
Atkins, who was appointed by President Donald Trump, explained the changes during the last round table of the Cry Cryptographic Working Group.
He said: “A key priority of my presidency will be to develop a rational regulatory framework for the cryptographic asset markets which establishes clear road rules for the custody and the trade in cryptographic assets while continuing to discourage bad players from violating the law.”
Atkins clearly said that existing dry rules do not work well with the blockchain. He did not retain the criticization of how the agency managed the crypto in the past, saying: “First, they have buried their heads in the sand, hoping that the crypto would disappear. Then they moved to a style of application of the law on shots and questions. ”
Due to this confusion, many companies are not sure of how to follow the law during the issuance of cryptographic assets. Atkins said it was time to make clear rules that make sense to blockchain and new technology.
Atkins targets the warning rules of the crypto and requests the overhaul
Atkins called for Crypto custody one of the largest regulatory problems and criticized Sab 121 as a major error that confused the market. He argued that the SEC had exceeded and pushed rules that support self-works, which often offers stronger security than traditional methods.
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Atkins has suggested updating childcare rules to allow advisers and self-active self-assurance funds and replace the current broker by something more practical.
He also put pressure on to modernize crypto trading rules, allowing platforms to manage both titles and non-security, and reorganize ATS regulations to better adapt digital assets. “We cannot encourage innovation by forcing offshore companies,” he warned, calling for intelligent regulatory exemptions to keep competitive American businesses.
On the other hand, Commissioner Caroline Crenshaw has urged caution over tokenization, warning that the concept is often misunderstood or poorly applied. It called on the industry to clearly define whether the tokenization refers to the digital versions of existing assets or a brand new trading system.
Crenshaw stressed that any innovation must be carefully tested and really useful, not just motivated by the media outlet of the market. She also stressed the duty of dry to protect all investors, regardless of the progress of technology.
On the other hand, Commissioner Mark Uyeda highlighted the advantages of tokenization. He said it could stimulate market efficiency through smart contracts and improve liquidity.
