SEC to police crypto with ‘notice and comment rulemaking’
The US Securities and Exchange Commission (SEC) will shift its approach to cryptocurrency regulation by utilizing “notice and comment” rulemaking instead of enforcement actions, as stated by SEC Chair Paul Atkins. The agency aims to establish a rational regulatory framework for crypto assets, focusing on clear standards for market participants. Atkins emphasized the need for rules to protect investors from fraud and scams. The SEC's Crypto Task Force is developing regulations to support industry innovation. Atkins also proposed disbanding the SEC’s Strategic Hub for Innovation and Financial Technology to integrate innovation across the agency. Since the departure of former Chair Gary Gensler, the SEC has altered its enforcement strategy and provided guidance on crypto staking activities.
