Commission of securities (Dry) President Paul Atkins said Monday, May 12, that the Commission was to consider regulatory changes to accommodate chain titles and other cryptographic assets.
In a main address Delivered to the round table of the Crypto Task Force on tokenization, Atkins said that the rules and regulations designed for titles outside the chain can suffocate the growth of blockchain technology and that the Commission aims to contribute to the United States to become the “cryptographic capital of the planet” as that of the planet ” envisaged by President Donald Trump.
“A key priority of my presidency will be to develop a rational regulatory framework for the markets of cryptographic assets which establish clear road rules for issuance, the guard And Trading of cryptographic assets while continuing to discourage bad actors from raping the law, “said Atkins, according to a transcription published by the SEC.” Clear road rules are necessary for the protection of investors against fraud – Not the least to help them identify scams that do not behave with the law. »»
Atkins added that the SEC will no longer use measures to apply ad hoc law to develop a policy; Instead, he will use his regulation, the interpretation And The authorities exempt from set up standards for market players, then police violations of these obligations.
Describing three areas of interest in the policy of cryptographic assets, Atkins said that he intended that the SEC establishes the distribution directives of cryptographic assets which are securities or subject to an investment contract; provide registrants with greater options to determine how to maintain cryptographic assets; And allow registrants to exchange a wider variety of products on their platforms in response to market demand.
“While the Commission and its staff work to develop a full regulatory framework for cryptographic assets, players in the securities market should not be forced to go to offshore to innovate with blockchain technology,” said Atkins. “I would like to explore if conditional exempt repairs would be appropriate for registrants and non-inscriptions who seek to put on the market new products and services which, otherwise, cannot be compatible with the current rules and regulations of the Commission.”
Atkins is no stranger to the dry because he was a commissioner under President George W. BushPymnts reported in January. At the time of His appointment by TrumpAtkins was known to hold Pro-Crypto-Monnaie Pankings, a change marked compared to its predecessor.
Shortly after her appointed was confirmed, Atkins strongly criticized the regulatory management taken under the Biden administration and has committed to tackling the “long problems of the range” surrounding digital active And blockchain technology.
