SEC chairman Paul Atkins calls for clear cryptocurrency rules: Farewell to a supervision characterized by enforcement

SEC chairman Paul Atkins calls for clear cryptocurrency rules: Farewell to a supervision characterized by enforcement

Clarity for the cryptocurrency market: SEC chairman Paul Atkins calls for clear rules

On May 12, 2023, a round table, chaired by Paul Atkins, the chairman of the Securities and Exchange Commission (Sec). In this session, Atkins emphasized the need for clear rules for the cryptocurrency market. This represents a remarkable change from a supervision that is predominantly characterized by enforcement to a rule -based approach.

Atkins underlined that transparent regulation is crucial to strengthen trust in the cryptocurrency market. It makes it clear that in many cases the existing framework conditions are insufficient in order to meet the specific challenges and risks associated with digital currencies.

The demands for clear rules could bring long -awaited clarity for investors and companies in the cryptocurrency sector. A regulated environment would not only be in the interest of the market participants, but would also help minimize the risk of fraud and abuse.

The ATKINS's advance may signal a change in the attitude of the SEC, which has often been criticized for its strict enforcement of regulations in the past. The prospect of clearer guidelines could have positive effects on the development and growth of the market for digital currencies.