New SEC Chair Slams Gensler for Stifling Crypto Innovation
- Paul Atkins criticized Genslers restrictive crypto policies.
- Atkins promises clear and supportive crypto regulations.
- Hester Peirce was praised for championing crypto reforms.
Newly appointed SEC Chair Paul Atkins addressed the public. Atkins praised pro-crypto work and criticised past policies. He slammed former Chair Gary Genslers crypto approach. Innovation has been stifled by regulatory uncertainty, he said.
Atkins spoke at the SECs third crypto roundtable today. The event focused on crypto custody and asset security. He emphasised the urgent need for clear crypto regulations. Participants deserve clear regulatory rules, Atkins firmly stated.
Atkins praised Commissioner Hester Peirces pro-crypto leadership efforts. He credited Peirces principled and tireless advocacy for progress. Peirce, known as Crypto Mom, led recent crypto reforms. Under her leadership, the SEC dropped major lawsuits.
Several crypto assets were exempted from securities regulations. This marked a significant shift from Genslers regime. Atkins promised continued support for crypto innovation moving forward. He pledged engagement with market participants and Congress.
I expect huge benefits from crypto market innovation, he said. Atkins also noted gains in cost, risk, and transparency. He wants a rational framework that supports crypto growth. Atkins chairmanship signals major policy changes for crypto.
He previously served under President George W. Bushs administration. After months of confirmation, Atkins is now officially leading. He reiterated support for President Trumps crypto-positive agenda. Crypto industry participants welcomed Atkins supportive, clear direction.
Atkins plans to remove unnecessary regulatory burdens on crypto. He aims to foster efficiency, innovation, and investor protection. His leadership marks a fresh start for crypto regulation. The crypto community now watches the SEC closely.
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Read more: https://thenewscrypto.com/new-sec-chair-slams-gensler-for-stifling-crypto-innovation/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
