SEC chair suggests 'huge benefits' in agency's third crypto roundtable 🇺🇸
SEC Chair Paul Atkins addressed the agency's third roundtable on crypto regulation, emphasizing the "huge benefits" of blockchain technology in enhancing efficiency, reducing risk, improving transparency, and cutting costs. He aims to establish clear regulatory rules for digital assets, improving on past uncertainties.
Atkins also expressed optimism about engaging with market participants and working with the administration to create a suitable framework for crypto assets. His leadership is viewed by some critics as supportive of the crypto industry, contrasting with previous SEC stances. However, concerns about potential conflicts of interest have been raised.
The SEC plans more roundtables focusing on tokenization and decentralized finance, with a focus on favorable regulation for the crypto industry. Commissioner Hester Peirce supports this new direction, hoping to reposition the agency's approach. Additionally, the task force is in talks with digital asset firms for policy development.
Source: cointelegraph.com ↗
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