Atkins SEC era sparks massive industry optimism, crypto execs speak out
Paul Atkins' appointment as chair of the US Securities and Exchange Commission signals a potential shift in regulatory approach towards the crypto industry. Atkins, known for his deregulatory stance, replaces Gary Gensler, whose tenure was marked by a strict regulatory environment. Industry leaders express optimism about reduced regulatory uncertainty, with Chris Perkins noting that the previous administration created a "regulatory reign of terror" that affected investor confidence and developer activity. Katherine Dowling highlights a change in mood, with legal cases being dismissed as clarity around digital asset regulation is sought. James Gernetzke anticipates a return to normal IPO timelines and improved engagement with regulators. The upcoming market structure bill is expected to provide significant clarity and facilitate capital formation in the crypto space.
