Key dealers
- SEC chairman Paul Atkins requires a comprehensive review of crypto rules.
- Atkins aims to create a rational framework for crypto assets in the United States.
SEC chairman Paul Atkins has requested a sweeping re -evaluation of the agency’s regulations for crypto assets and criticized the current rules as outdated and burdensome.
🇺🇸 Only in: Pro-Bitcoin SEC chairman Paul Atkins, who spoke at today’s Sec Crypto Task Force Roundtable, stated that “the current framework is in a serious need for reform” when it comes to bitcoin and crypto selection. pic.twitter.com/v8zc0kr3yz
– Crypto briefing (@crypto_briefing) April 25, 2025
When he spoke on Sec’s third Krypto Task Force Roundtable on Friday, Atkins said that the existing digital asset surveillance “bad needs attention.”
“Innovation has unfortunately been suffocated in recent years due to market and regulation uncertainty that unfortunately SEC has benefited,” Atkins said in its opening remarks at the round table.
The SEC manager promised to collaborate with industry players, other commissioners, Congress and the Trump administration to build “a rational fit for the aim” for digital assets.
Atkin, who is known as an advocate for innovation, believes that crypto and blockchain technology can provide real system-wide improvements. He emphasized that entrepreneurs exploit blockchain technology to modernize the financial system “deserve clear regulatory rules.”
In the Friday round table, participants focused on the challenges facing the registrars when custodians for crypto assets are required to comply with federal securities laws. Atkins questioned whether changes are needed for custody rules according to the Exchange Act, Advisors ACT or Investment Company ACT to meet crypto assets and blockchain technology.
Atkins, who serves its third stint at the Securities Agency, also expressed gratitude to commissioners Mark Ueda and Hester Peirce.
He praised Commissioner Peirce, known as “Crypto Mom”, for her “principled and tireless advocate for Crypto policy”, and notes that she is “really the right person to lead the effort to come up with a rational regulations for crypto assets in their markets.”
Atkins officially adopted its position as chairman of SEC earlier this week after being nominated by President Donald Trump and confirmed by the Senate.
At his official sweearing-in ceremony on Tuesday, the new Sec-chairman said he would prioritize establishing a transparent regulatory framework for digital assets. Atkins also confirmed its commitment to capital formation, market efficiency and investors’ protection.
A former Wall Street figure and entrepreneur, Atkins is recognized for its deregulating philosophy and pro-crypto-setting, in contrast to its predecessor Gary Gensler’s stricter regulatory strategy.
SEC Crypto Task Force under Commissioner Peirce has hosted many round tables to create a regulatory path that differs from the previous administration’s application -heavy strategy.
Atkins, which now runs the agency, is expected to continue to operate for a more innovation-friendly regulatory environment, with a special focus on modernization of rules for digital assets and blockchain technology.
