With the new administration in power in the U.S., measures to support cryptocurrency are becoming more active. The new SEC chairman, Paul Atkins, is taking steps to improve regulation in this area.
Responsibilities of the New SEC Chairman
Under the leadership of the new SEC chairman, Paul Atkins, strategies for supporting cryptocurrencies have become more relevant. His appointment occurred without waiting for Senate approval. Since taking office, Atkins has been actively preparing the necessary steps to address regulatory issues concerning cryptocurrencies.
Statements on the Status of Crypto Assets
At the first OECD Global Financial Markets Roundtable Meeting, Atkins emphasized the importance of clarity regarding the status of crypto assets. He stated that "most cryptocurrencies are not securities, and we will draw a clear line on this matter." He also noted that "entrepreneurs should be able to raise capital without endless legal uncertainties regarding cryptocurrencies."
Impact on Global Financial Markets
Atkins also indicated at the meeting that new initiatives like the Super Trade Application would open new avenues for financial agents and support innovative initiatives on crypto platforms. The new administration is expected to have a positive impact on global cryptocurrency regulation.
With Paul Atkins appointed as SEC Chairman, a new phase of interest in cryptocurrencies begins. New measures and regulations are expected to improve the oversight of this dynamically evolving field.
