New SEC Chair Says Crypto Deserves Clear Rules

Cover image via www.youtube.com Read U.TODAY on Google News In his remarks presented at the Crypto Task Force Roundtable, SEC Chair Paul Atkins stated that digital assets deserve clear rules. Advertisement He believes that crypto could offer huge benefits in terms of efficiency and cost reduction. Atkins criticized the previous SEC administration, which was spearheaded by former Chair Gary Gensler, for stifling the cryptocurrency market. As reported by U.Today , Gensler recently spoke about his anti-crypto policies during a CNBC interview, insisting that 99% of all digital assets are based just on sentiment. HOT Stories New SEC Chair Says Crypto Deserves Clear Rules 'Gold Is Dead, Bitcoin Moves,' Billionaire Tim Draper Says 76 Million RLUSD Tokens Supplied in Just Days on Aave New Satoshi Nakamoto Statue Hits Japan Just as Bitcoin Price Reaches $95,000 The new SEC boss has offered some words of praise for "Crypto Mom" Hester Peirce, who has been a staunch advocate for "common-sense" crypto regulation. "It's no wonder that she has justly earned the title of 'Crypto Mom," he said. Advertisement Related Tue, 04/22/2025 - 20:34 Top 5 Facts About New SEC Boss Alex Dovbnya The agency's third crypto roundtable has specifically focused on some challenges surrounding custody rules. Some believe that there should be an alternative custody regime for crypto assets. Caroline Crenshaw, the lone Democratic commissioner, has become the agency's anti-crypto dissenting voice. She has argued that existing SEC custody rules are "the gold standard" of investor protection while also warning about various unique risks associated with crypto and blockchain. "Even the most responsible actors need regulatory standards to effectively safeguard customer…Should the rules be any different for crypto assets? " she remarked during the roundtable. #Paul Atkins