With the appointment of Paul Atkins as the new SEC chair, a new era in cryptocurrency regulation begins in the US. The main goal is to create a more open and predictable regulatory environment.
Paul Atkins and the New SEC Policy
Paul Atkins, the new SEC chair, has introduced a plan that contrasts sharply with the approach used under former chair Gary Gensler. Atkins emphasizes enhancing transparency and predictability in crypto regulation, moving away from enforcement methods. In his testimony before the Senate, he highlighted that a key priority of his tenure will be to develop a rational regulatory framework for crypto asset markets.
The Notice and Comment Process
The new regulatory approach includes the notice and comment process, which involves public discussion of proposed rules. Under this process, the SEC will publish proposed rules in the Federal Register, inviting public comments. This will allow market participants to provide feedback and will promote a more democratic and effective regulatory process.
Expectations from the New Approach in the Crypto Sector
Industry observers expect the SEC to apply the notice and comment process to key aspects such as ETFs, DeFi, and stablecoins. More than 60 ETF applications are currently pending review, and it is anticipated that final decisions may be made in late 2025 or early 2026. There is hope for clear guidance on DeFi this year and coordination with the Treasury and Federal Reserve regarding stablecoins.
The SEC's decisive steps toward greater transparency could represent a significant shift in cryptocurrency regulation, providing legal certainty for digital asset companies and potentially fostering long-term market growth.
