Paul Atkins: The Crypto Market Faces Long-term SEC Regulatory Uncertainty

Odaily Planet Daily News: In a speech, the new chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, stated that the SEC will be more open to adapting to new developments in the crypto industry and will begin drafting relevant rule proposals to end the long-standing regulatory uncertainty in the crypto market. He emphasized that the SEC should return to promoting rather than stifling innovation, noting that the market is constantly innovating and regulators should not hinder its development. Meanwhile, U.S. lawmakers are considering a proposed legislation aimed at clarifying the responsibilities of the SEC and the Commodity Futures Trading Commission (CFTC) in regulating digital assets. (Cointelegraph)