SEC Chairman: Will Develop Cryptocurrency 'Rational Regulation Framework' Instead of Taking Enforcement Action

BlockBeats News, June 4th, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins is actively advancing his reform agenda, aiming to bring a "new era" to the SEC and drive a shift in the agency's policy stance on digital assets.

Paul Atkins testified on Tuesday before the Senate Appropriations Committee's Subcommittee on Financial Services and General Government, stating that he is committed to establishing a "rational regulatory framework" for crypto assets, prioritizing rulemaking and enhancing transparency over relying on enforcement actions.

He stated: "Clear regulatory rules are essential to protect investors from fraudulent activities, at least helping them identify blatantly illegal schemes. Policy development will be carried out through a rulemaking process of notice and comment, rather than through enforcement or regulation."