Incoming SEC Chair Calls for Clear Crypto Rules, Economic Revival Under Trump
Digital asset policy took center stage as Paul Atkins, President Donald Trump’s nominee to lead the U.S. Securities and Exchange Commission (SEC), addressed the Senate Banking Committee on March 27. A former SEC commissioner and CEO of Patomak Global Partners, Atkins said the lack of regulatory clarity in cryptocurrency markets is hindering growth and creating uncertainty. He has drawn support from the cryptocurrency industry for his pro-innovation stance and calls for a rational regulatory framework.
“Since 2017, as I have led industry efforts to develop best practices for the digital asset industry, I have seen how ambiguous and non-existent regulations for digital assets create uncertainty in the market and inhibit innovation,” he stated, adding:
A top priority of my chairmanship will be to work with my fellow commissioners and Congress to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach.
Atkins tied his crypto agenda to a broader economic outlook, citing renewed investor confidence under the current administration. “I look forward to working to ensure that the United States is well-positioned to seize on the new excitement for investment and economic opportunity that President Trump’s leadership and pro-growth policies have inspired,” he said.
He argued that the SEC must better balance regulatory rigor with flexibility to foster innovation. Drawing on decades in both government and the private sector, Atkins criticized the current regulatory climate as overly complex and politicized, stating that it is impeding capital formation and confusing investors.
Atkins closed by urging a return to the SEC’s foundational responsibilities and affirming his commitment to investor protection. He emphasized:
It is time for the SEC to return to its core mission that Congress set out for it: investor protection; fair, orderly, and efficient markets; and capital formation.
The incoming SEC chair also pledged to make the U.S. the most attractive environment for both entrepreneurs and savers: “I am eager to get to work for American markets and investors. Should I be confirmed, my goal will be to ensure that the United States is the best and most secure place in the world to do business and for Americans to invest their hard-earned dollars to save and provide for their future.”
Source:news.bitcoin.com
