Atkins of the dry calls for the overhaul of the rules of crypto “ seriously need attention ”

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The President of the SEC, Paul Atkins, called for a radical reassessment of the regulatory framework of the agency governing cryptographic assets, criticizing the current rules as exceeded and heavy.

🇺🇸 Just in: Profitcoin Dry President Paul Atkins, speaking during the round table of the working group on the crypto of the dry of today, said that “the current framework has a serious need for reform” with regard to bitcoin and cryptographic regulations. pic.twitter.com/v8zc0kr3yz

– Crypto briefing (@crypto_briefing) April 25, 2025

Speaking during the third round table of the Crypto working group on Friday, Atkins said that the existing approach to monitoring digital assets “needs attention”.

“Innovation, unfortunately, has been stifled in recent years due to the uncertainty of the market and regulations that, unfortunately, the SEC has favored,” said Atkins in its round opening remarks.

The head of the SEC is committed to collaborating with industry players, colleagues commissioners, the Congress and the Trump administration to build “a rational framework Fit for purposes” for digital assets.

Known as an innovation defender, Atkin thinks that crypto and blockchain technologies could make real improvements to the system scale. He stressed that entrepreneurs taking advantage of Blockchain technology to modernize the financial system “deserve clear regulatory rules”.

In the Friday round table, participants focused on the challenges faced by registrants when the guards of cryptographic assets are required to comply with federal securities. Atkins wondered if changes were necessary to have rules under the Act respecting the exchange, the law on advisers or the investment companies law to accommodate cryptographic assets and blockchain technology.

Atkins, who purges his third passage to the agency of securities, also expressed his gratitude to commissioners Mark Ueda and Hester Peirce.

He congratulated Commissioner Peirce, known as “Crypto Maman”, for his “advocacy in principle and tireless for common sense crypto policy”, noting that she is “certainly the right person to direct the effort to find a rational regulatory framework for cryptographic assets on their markets”.

Atkins officially assumed his post as president of the SEC earlier this week after being appointed by President Donald Trump and confirmed by the Senate.

During his official oath ceremony, the new president of the SEC said that he would favor the establishment of a transparent regulatory framework for digital assets. Atkins has also reaffirmed its commitment to capital training, market efficiency and investor protection.

Former figure and entrepreneur of Wall Street, Atkins is recognized for its deregulating philosophy and its pro-scriptto position, contrasting with the stricter regulatory approach to its predecessor Gary Gensler.

The Crypto of the SEC crypto working group under Commissioner Peirce has hosted many round tables to forge a regulatory path distinct from the approach to the application of the previous law.

Atkins, who now directs the agency, should continue to put pressure for a regulatory environment more favorable to innovation, with a particular emphasis on the modernization of rules for digital assets and blockchain technologies.

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