SEC Chair Hints At Upcoming Crypto Token Regulations
New US Securities and Exchange Commission (SEC) Chair Paul Atkins has announced in a major policy change that he will provide unambiguous regulatory rules for crypto tokens. The measure is a reversal of the enforcement-based attitude of the previous government and is rather meant to promote creativity and provide the fast-growing digital asset industry with clarity.
At a recent SEC Crypto Task Force meeting, Atkins underlined the need for a fair framework for the legal issuing, custody, and trading of crypto assets, as well as discouragement of abuse. “Innovation has been stifled for the last several years due to market and regulatory uncertainty that, unfortunately the SEC has fostered,” Atkins said, calling for new laws…
