Paul Atkins’ first public event as president of the US Securities and Securities Commission. It was a cryptographic round table on Friday, where the new head of the agency dedicated his inaugural speech to ensure the industry that he will continue to remake the values policy to favor the innovation of digital assets.
The agency and industry have been waiting for the Congress’ action to establish the supervision of the cryptography market structure that will probably establish railings, and Atkins told an audience at the SEC headquarters in Washington that the regulator will work to deliver “a rational frame, in form to use” for crypto.
However, in response to a Coendesk question after his speech, Atkins indicated that the agency can act to some extent during this wait for new laws.
“It is always good to have the opinion of the Congress, and if there is a statute to make a backup of what we are doing, I think that is much better,” Atkins said. “But we have ample space to maneuver under existing rules and laws.”
ATKINS also suggested that he believes that the concept of special use crystroon distributors, a little used more prominently represented by Prometum, has been very successful and it is possible that it must be reconsidered, and said that the agency will analyze whether the custody rules must be changed to “accommodate crypto assets and block technology.”
Atkins previously appeared in an oath ceremony earlier this week at the White House, where Trump said that “he is the perfect man to lead this agency” at a time when the digital asset sector needs regulatory clarity, and Atkins said that “a priority of my presidency will be to provide a firm regulatory basis for digital assets.” But Friday’s event at the SEC headquarters represented its first complete commitment to the public.
Read more: Crypto Ally Paul Atkins swore to replace Gary Gensler about the SEC.
The cryptographic sector has great hope for Atkins, although its substitute in recent months, Commissioner Mark Uyeda, already took a series of decisive actions to reverse the previous cryptographic reluctance of the regulator under former President Gary Gensler. As an interim president, Uyeda reversed or set aside a series of cryptographic policy efforts carried out under Gensler and has abandoned most of the prominent compliance actions of the regulator aimed at the industry.
Until now, the expectations of the Atkins leadership industry were based on conjectures rooted in their experience advising and investing in digital asset companies, especially since its Senate confirmation audience did not explore its cryptography opinions.
Atkins had served as an advisor to cryptographic entities such as the Digital Chamber and as a member of the Securitize Tokenization firm Board, and its ties with the capital of the chain had previously linked their investment bets in large cryptographic companies such as Digital Currency Group (DCG) and Kraken.
Friday’s round table was the third in a series that the agency has had on cryptographic affairs, this time focused on custody in the industry. Cryptography custody has been a particularly digitized issue in the agency, which under the reign of Gensler had tried to approve a policy demanding that investment advisors put the digital assets of their customers only with certain qualified custodians. Gensler had argued that the rule was destined to exclude most of the existing cryptographic platforms as suitable custodians, but the effort was put on ice.
Read more: Proposal of the Interine Chair Agency of the US SEC. UU. On cryptography trade platforms
The journalists asked Atkins about the Belleon of the event about the cryptographic interests of President Trump and if Trump’s memecoin, $ Trump, will steal the credibility of the White House in the industry’s policy.
“I have no comment about any of that,” Atkins said.
