U.S. SEC Chairman Atkins Unveils New Crypto-Focused Regulatory Agenda
Securities and Exchange Commission (SEC) Chairman Paul Atkins announced a new policy agenda focused on cryptocurrencies, describing it as a "new day" for the sector. Key points include:
- Proposals to clarify the regulatory framework for crypto assets.
- Aiming for clear rules regarding the issuance, custody, and trading of digital assets.
- Plans to propose a rule by April on the offer and sale of crypto assets, addressing exemptions and safe harbors.
- Intention to amend Securities Exchange Act rules for trading digital assets on alternative trading systems and national securities exchanges.
The SEC's agenda signals a priority on crypto regulation despite a general reluctance to impose new rules. Additionally, the SEC and Commodity Futures Trading Commission issued joint guidance for registered platforms on handling spot crypto trading.
Atkins mentioned "Project Crypto" aimed at integrating the industry into mainstream finance, while the CFTC is conducting a "crypto sprint." Both agencies are working to meet expectations for the U.S. to lead in cryptocurrency technology.