New SEC Chairman Commits to Building a Consistent Legal Framework for Digital Assets, Marking a Change in the US Approach to Crypto Market Management.
Paul Atkins has just officially taken office as the Chairman of the US Securities and Exchange Commission (SEC) last week, opening a new chapter in US digital asset regulatory policy. With extensive experience in the blockchain field, Atkins' appointment is seen as a strong signal of the US government's changing approach to the cryptocurrency space.
"As the SEC Chairman, I can confidently declare: this is a new day," Atkins stated in his inauguration speech. He emphasized the need to bring SEC back to its core mission: "protecting investors, ensuring fair, orderly, and efficient markets, and facilitating Capital raising."
Shifting Crypto Regulatory Strategy
Distinctly different from the "enforcement-based regulation" approach under former SEC Chairman Gary Gensler, Atkins commits to building a "solid regulatory foundation for digital assets through a rational, consistent, and principle-based approach." He aims to make the United States the "best and safest investment and business destination in the world" for this sector.
At the ceremony, President Donald Trump praised Atkins' expertise, emphasizing his previous role as Co-Chairman of the Digital Chambers Token Alliance. Trump believes Atkins is the "perfect person to lead this agency at a time when crypto innovators urgently need regulatory certainty and clear principles."
Regarding regulatory agency relationships, Atkins expressed optimism about potential collaboration with the Commodity Futures Trading Commission (CFTC). He specifically mentioned CFTC Chairman candidate Brian Quintenz, whom he has known for many years, and believes the two agencies can effectively coordinate on matters related to investors and the US economy.
The blockchain community's reaction has been extremely positive. Michael Saylor, an industry strategist, publicly expressed support on social media X, stating that "SEC Chairman Paul Atkins will be beneficial for Bitcoin." Many other experts also expect that the new era under Atkins' leadership will bring the long-awaited legal clarity to the market, thereby promoting innovation and development in the US crypto space.
