SEC chair suggests 'huge benefits' in agency's third crypto roundtable
Paul Atkins, the new chair of the US Securities and Exchange Commission (SEC), spoke at a roundtable on crypto regulation, emphasizing the potential benefits of blockchain technology, including efficiency and cost reduction. He aims to establish clear regulatory guidelines for digital assets, suggesting that previous leadership contributed to market uncertainty. Critics view his appointment as favorable to the crypto industry, following the resignation of former chair Gary Gensler. Concerns about potential conflicts of interest were raised by Democratic lawmakers regarding Atkins' industry ties. The SEC's crypto task force plans additional roundtables on tokenization and decentralized finance. Commissioner Hester Peirce expressed optimism about collaborating with Atkins to create a more favorable regulatory environment for crypto. The task force has also engaged with digital asset firms to discuss policy development.
