Michaela
U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has reaffirmed both his and the agency’s commitment to developing a clear and comprehensive regulatory framework for cryptocurrencies, emphasizing the need for investor protection, market integrity, and innovation within the rapidly evolving digital asset space.
During a roundtable hosted by the commission on May 12 titled “Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet,” prominent figures from the digital asset industry, including Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity Investments, Johnny Reinsch, Director of the Token Asset Coalition, and Johann Kerbrat, General Manager of Robinhood Crypto, participated as panelists.
“In order for the United States to be the “crypto capital of the planet” as envisioned by President Trump, the Commission must keep pace with innovation and consider whether regulatory changes are needed to accommodate on-chain securities and other crypto assets,” Atkins stated. “Rules and regulations designed for off-chain securities may be incompatible with or unnecessary for on-chain assets and stifle the growth of blockchain technology,” he added.
Atkins stated that one of his top priorities is to build a practical and transparent regulatory framework for the crypto asset sector. The initiative aims to define clear standards around the issuance, custody, and trading of digital assets while maintaining strong enforcement against unlawful practices and market abuse. “Clear rules of the road are necessary for investor protection against fraud – not the least to help them identify scams that do not comport with the law,” Atkins said.
Furthermore, Atkins clarified that the regulator will shift away from reliance on ad hoc enforcement actions as a means of policymaking. Instead, it will use its established rulemaking, interpretive, and exemptive authorities to implement tailored regulatory standards designed to provide clarity and consistency for market participants.
“The Commission’s enforcement approach will return to Congress’ original intent, which is to police violations of these established obligations, particularly as they relate to fraud and manipulation,” Atkins stated.
Atkins emphasized the importance of coordination across multiple offices and divisions within the commission to effectively advance its crypto regulatory agenda. He noted the establishment of the Crypto Task Force and outlined three core policy focus areas for the SEC moving forward: the issuance, custody, and trading of crypto assets.
“I am eager to coordinate with colleagues in President Trump’s Administration and Congress to make the United States the best place in the world to participate in crypto asset markets,” Atkins stated in his closing remarks.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
