With Paul Atkins appointed as SEC chair, the crypto industry is anticipating regulatory changes that could spur growth and development in the sector.
The Crypto Industry on the Verge of Change
Paul Atkins, a former SEC commissioner, has begun his tenure as the new chair amid expectations of a loosening in regulations, which have been stringent in recent years. According to Chris Perkins, president of CoinFund, the new leadership may bring reduced regulatory uncertainty.
Expectations from the New Administration
Katherine Dowling from Bitwise Asset Management noted that the mood in the industry is already changing, with a flurry of legal cases being dismissed or dropped. She stated that this shift is not about the absence of regulation, but about seeking clarification in defining crypto assets.
New Investment Opportunities
James Gernetzke from Exodus highlighted that easing interactions with regulators will lead to more normal timelines for IPOs and access to capital markets. Chris Perkins also emphasized that anticipated changes in market structure could open up new opportunities for capital creation and transparency.
With the change in leadership at the SEC, the crypto industry anticipates positive regulatory changes that could ease operations for both developers and investors in the sector.
