SEC Chair Paul Atkins Says Self Custody Is A Foundation American Value
SEC Chair Paul Atkins criticized the previous administration's crypto policies during a roundtable event focused on digital asset regulation. He claimed that the SEC under former chair Gary Gensler adopted a heavy-handed approach that hindered innovation in self-custodial digital wallets and on-chain technologies. Atkins emphasized the need for congressional approval for the SEC's policies on staking as a service and advocated for greater flexibility in self-custody of crypto assets to reduce transaction costs. SEC Commissioner Caroline Crenshaw expressed uncertainty about achieving clarity in crypto regulations despite ongoing discussions. Since President Trump’s administration, the SEC has shifted its approach, including dropping enforcement actions against Coinbase and Ripple. Upcoming changes in leadership at the SEC and CFTC may affect regulatory strategies.
