The campaign for cryptocurrency regulation in the U.S. enters a new phase. SEC Chairman Paul Atkins announced significant changes to market regulation during his speech in Paris.
A Period of Change in the Crypto Market
At the OECD Roundtable, Atkins stated, 'Crypto’s time has come,' signaling significant shifts in the U.S. digital asset market.
New SEC Initiatives for Regulation
Atkins noted that the SEC previously used its powers to hold back the crypto industry, a strategy he described as 'ineffective and harmful.' Moving forward, the SEC plans to end reliance on surprise enforcement actions and create clear rules for trading, lending, and staking crypto.
Global Collaboration and Innovation
In conclusion, Atkins emphasized the need for international cooperation, stating that clear rules would give innovators the confidence to build their projects in the U.S. rather than relocating abroad.
The initiatives announced pave the way for a new landscape in cryptocurrency within the U.S., protecting investors while fostering innovation.
