SEC to police crypto with ‘notice and comment rulemaking’
The US Securities and Exchange Commission will hone its crypto policies with “notice and comment” and move away from shaping its rules through the courts, agency chair Paul Atkins told Congress.
In June 3 remarks to the Senate Appropriations Subcommittee on Financial Services, Atkins said the agency’s crypto policymaking “will be done through notice and comment rulemaking, not through regulation by enforcement.”
“The commission will utilize its existing authorities to set fit-for-purpose standards for market participants,” he added.
Atkins, a former crypto lobbyist, said that creating a “rational regulatory framework for crypto assets” will be a key priority for the SEC under his tenure.
Former SEC chair Gary Gensler was…
