Odaily Planet Daily reports that U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that the SEC is re-accelerating its efforts to advance cryptocurrency regulation to make up for previous shortcomings in policy development. He pointed out at an event at the University of Texas that regulators had failed to keep pace with industry innovation trends in the past.
Atkins said that since Donald Trump’s administration took office, the SEC’s stance has become more open, establishing a crypto working group, withdrawing multiple enforcement cases, and launching the “Project Crypto” initiative to update the regulatory framework. He emphasized that, compared to short-term price fluctuations, more attention is being paid to the application prospects of distributed ledger technology in payments, clearing, and settlement systems.
Additionally, the SEC approved WisdomTree’s digital currency market fund to enable 24/7 trading and real-time settlement this week. Atkins also revealed that future plans include exploring the launch of tokenized bank deposit products. (The Block)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Depot Appoints Former MoneyGram Director as CEO Amid Increasing Regulatory Scrutiny
Bitcoin Depot appointed Alex Holmes as CEO and chairman to replace Scott Buchanan, focusing on operational stability and compliance amid increased legal pressures. The company anticipates a 30-40% revenue drop by 2026 due to regulatory challenges.
TapChiBitcoin30m ago
UK Suspends Crypto Political Donations! Starmer: Illegal Financial Risks Force Action
UK Prime Minister Keir Starmer announced a suspension of all cryptocurrency political donations to address illegal financial risks and foreign interference. This temporary measure allows political parties to receive donations before new regulatory rules take effect, but they must fully return received donations after the rules come into force or face criminal penalties. This ban reflects concerns about cryptocurrency donation transparency and protective measures for election integrity.
MarketWhisper31m ago
Bitcoin Depot picks ex-MoneyGram boss as CEO as state actions mount
Bitcoin Depot has named the former CEO of payments giant MoneyGram as its new boss amid mounting regulatory pressure from US states over crypto ATM’s use in scams and money laundering.
The company said on Tuesday that Scott Buchanan had immediately stepped down as CEO, a role he served in for
Cointelegraph49m ago
Bitcoin Depot Emergency Leadership Change! Former Speedway Money CEO Takes Over to Address Regulatory Storm and Revenue Decline
Bitcoin ATM operator Bitcoin Depot announced the appointment of new CEO Alex Holmes in a management restructuring, emphasizing efforts to address an increasingly strict regulatory environment. The company faces investigations and penalties from multiple states, has lowered performance expectations, and seen significant stock price declines. This move demonstrates its response strategy in compliance and business transformation.
GateNews49m ago
When even I cannot prove that I'm not an AI, forensic experts recommend: set up a secret code with family and friends.
BBC reporter Thomas Germain's experiment shows that AI deepfake technology is now difficult to distinguish, with digital forensics expert Hany Farid claiming it's "finished." Even when experts verify a video's authenticity, people may still doubt it. As AI fraud cases surge, especially in crypto markets, the cost of verifying authenticity is high, while creating doubt has become low-cost. Ultimately, the recommendation is to return to old methods: using cryptographic signatures to enhance trust.
動區BlockTempo53m ago
# Major CEX Again Rejects Latest Draft of Clarity Act, Disagreement Remains Focused on Stablecoin Yield Provisions
A certain CEX has again stated to the U.S. Senate that it cannot support the latest draft of the Clarity Act due to core disagreements over stablecoin yield provisions. The CEX expressed "serious concerns" about the new proposal, noting that this regulatory direction would have significant financial implications for its future.
GateNews1h ago
