In his first public declaration since his enslavement on April 21, the new president of the Sec, Paul Atkins, presented remarks on April 25 during the third round table of the working group on the cryptography of the SEC.
President Atkins began by thanking Commissioner Peirce for “his plea in principle and tireless for common sense cryptographic policy in the United States”. Referring to her by her nickname “Cryptomom”, Atkins praised Commissioner Peirce as “the right person to direct the effort to propose a rational regulatory framework for the markets of cryptographic assets”.
President Atkins continued:
It is an important work because entrepreneurs in the United States exploit blockchain technology to modernize the aspects of our financial system. I expect enormous advantages of this innovation on the market for efficiency, cost reduction, transparency and attenuation of risks. Market players engage with this technology deserve clear regulatory rules of the road. Innovation has been suffocated for several years due to the uncertainty of the market and regulations that, unfortunately, the SEC has favored.
We expect the review of the dry approach to the regulation of digital assets continues to be a high priority for President Atkins.
