Designed SEC chairman Paul Atkins promises regulatory clarity for crypto-assets
- The future SEC boss Atkins promises transparent crypto regulations and thus signals concrete consequences of the authority’s innovation-friendly course change.
- It is relieved by the new legal certainty, in which not every startup has to expect to be exceeded with a lawsuit due to hardly any comprehensible allegations.
Paul Atkins, the candidate for the chairmanship of the US investment and stock exchange supervisory authority (SEC), has expressed his commitment to creating clear regulatory guidelines for the cryptocurrency sector.
During his nomination hearing in front of the Senate Banking Committee, Atkins emphasized the need for a structured and principal approach for digital assets that aim to create a reliable regulatory framework through cooperation with other commissioners and the congress.
STARTING SOON: Chairman @SenatorTimScott presides over a full committee hearing on President Trump’s nominees for @SECGov, @USOCC, @USTreasury and @FTA_DOT.
Watch: https://t.co/9qPzqoSX5h
— U.S. Senate Banking Committee GOP (@BankingGOP) March 27, 2025
Clear regulation expected
The attitude of Atkins marks a departure from the earlier strategy of the SEC, which was widely criticized under the former chairman Gary Gensler because of its ambiguity and reactive nature, namely “regulation through enforcement”.
Atkins has promised to restore the credibility of the authority by focusing on the basic principles and tailoring the measures to their core task. Loud Invest He criticized several aspects of Gensler’s tenure, including the regulation rejected by the court, the high personnel fluctuation and the controversial compulsory measures against crypto companies.
Personal investments and potential conflicts of interest
The financial reports show that Atkins has made almost $ 6 million in crypto -related investments, including shares of Anchorage Digital and shares in Off The Chain Capital. This raised questions about possible conflicts of interest. Senator Elizabeth Warren called the scope of these investments “breathtaking”. It is still unclear whether Atkins will sell the systems in the event of its confirmation.
Effects on the market
As CNF reported, like XRP and RSR, a remarkable rally experienced when it became known that Krypto supporters of ATKINS are eligible for the SEC chair.
Now, with its official nomination, the crypto industry will take a close look. When writing this article, XRP is traded at approx. $ 2.25, which corresponds to a decline of 4.47 % in the last 24 hours and 6.82 % last week, according to the data from Coin Market Cap.
ATKINS’s advance for regulatory clarity could play a crucial role in solving current legal disputes around XRP and possibly influence long -term market development. See XRP price diagram below.
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