The new chairman of the SEC, Paul Atkins, emphasized the need for a clear roadmap regarding legal regulations in his first speech about cryptocurrencies, criticizing the previous administration. Atkins stated that innovation has been hindered due to the uncertainty created by the SEC in the crypto sector over the past few years.
“I will address issues that have not been solved for a long time”
“I am eagerly looking forward to addressing long-standing unresolved issues such as the regulatory status of digital assets and distributed ledger technologies,” said Atkins, who also thanked SEC Commissioner Hester Peirce, known as “Crypto Mom” for her battles in favor of cryptocurrencies. Atkins stated, “I particularly thank Commissioner Peirce for her principled and tireless efforts in advocating for sensible crypto policies in the United States. It is not surprising that she is nicknamed ‘Crypto Mom’. The right person to lead the efforts to create a rational regulatory framework for crypto asset markets is Commissioner Peirce.”
“There is a need for a clear roadmap in a legal sense,” he criticized Gensler.
Atkins, who emphasized that entrepreneurs across the United States are using blockchain technology to modernize the financial system, said, “I hope this will provide great benefits in terms of efficiency, cost reduction, transparency, and risk management.” The SEC chairman also added that market participants using this technology need a clear legal roadmap. Subsequently, criticizing the SEC under Gary Gensler’s leadership, Atkins stated, “It is a fact that innovation has been hindered in recent years due to the uncertainty created by the SEC.”
Call for cooperation with the Trump administration and Congress
Atkins recently expressed his eagerness to engage in dialogue with market participants alongside names from the Trump administration and Congress, and to establish a sensible, purpose-driven legal framework for cryptocurrencies.
Published: April 26, 2025 13:27
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