{"id":62533,"date":"2025-04-28T12:43:42","date_gmt":"2025-04-28T12:43:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=62533"},"modified":"2025-04-28T12:43:42","modified_gmt":"2025-04-28T12:43:42","slug":"paul-atkins-insists-current-framework-badly-needs-attention-at-sec-crypto-roundtable","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=62533","title":{"rendered":"Paul Atkins Insists \u201cCurrent Framework Badly Needs Attention\u201d At SEC Crypto Roundtable"},"content":{"rendered":"

On 25 April 2025, the US Securities and Exchange Commission (SEC) hosted its first major Crypto Task Force roundtable. Headlining the Washington DC event, the newly appointed SEC Chair Paul Atkins said<\/a>, \u201cThe market itself seems to indicate that the current framework badly needs attention.\u201d<\/span><\/p>\n

\u201cThis is important work as entrepreneurs across the United States are harnessing blockchain technology to modernize aspects of our financial system,\u201d said Atkins. \u201cI expect huge benefits from this market innovation for efficiency, cost reduction, transparency, and risk mitigation.\u201d<\/p>\n

He further insisted, \u201cMarket participants engaging with this technology deserve clear regulatory rules of the road. Innovation has been stifled for the last several years due to market and regulatory uncertainty that unfortunately the SEC has fostered.\u201d<\/p>\n

The discussions at the roundtable also marked a symbolic departure from the enforcement-heavy posture of his predecessor, Gary Gensler. <\/span><\/p>\n

Today at the SEC Crypto Roundtable we heard from Paul Atkins, in his first public address as the newly sworn in 34th Chair of the SEC.<\/p>\n

\u201cInnovation, unfortunately has been stifled for the last several years due to market and regulatory uncertainty that unfortunately the SEC\u2026 pic.twitter.com\/iyq6L6kYnx<\/a><\/p>\n

\u2014 Jason Meyers (@JasonMeyersNYC) April 26, 2025<\/a><\/p>\n\n

Explore<\/strong>:\u00a09+ Best High-Risk, High\u2013Reward Crypto to Buy in April 2025<\/a><\/p>\n

\u201cOur regulatory approach should recognize the differences across crypto assets,\u201d said \u201cCrypto Mom\u201d<\/h2>\n

Atkins also praised SEC Commissioner Hester M. Peirce for \u201cher principled and tireless advocacy for common-sense crypto policy within the US.\u201d He said, \u201cIt is no wonder that she has earned the title of \u201cCryptoMom.\u201d<\/p>\n

Meanwhile, according to Peirce<\/a>, the SEC should acknowledge and welcome the fact that blockchain technology empowers investors by allowing them to self-custody, trade, and otherwise engage with their assets without the use of any intermediary. \u201cOur regulatory framework should not stand in the way of these innovations by forcing intermediation,\u201d she said.<\/p>\n

The roundtable, attended by industry leaders, regulators, and legal experts, focused on the critical issue of digital asset custody \u2013 a longstanding pain point for crypto firms seeking to comply with federal securities laws.\u00a0<\/span><\/p>\n

Talking about digital asset custody, Caroline A Crenshaw said, \u201cSome believe that differences from traditional assets justify exemptions or disparate treatment for custody of crypto assets under our rules. But if we are to consider implementing an alternative custody regime for crypto assets \u2013 something the SEC has not done wholesale for another asset class without good reason \u2013 we must keep in mind some guiding principles.\u201d<\/p>\n

\u201cExisting SEC custody rules are a gold standard of investor protection,\u201d she continued.<\/p>\n

However, she questioned, \u201cIf the SEC were to create a dual-regime, how do we ensure the crypto regime is as robust as the current regime? Additionally, how could the Commission address increased risks to investors and the broader financial system that may stem from different crypto custody rules? \u201d<\/p>\n

Explore<\/strong>: 72 ETF Filings Are Pending Approval At SEC: Michael Saylor Says Paul Atkins Will Be Good For Bitcoin <\/a><\/p>\n

Industry Voices: Michael Saylor Says Paul Atkins Will Be Good For Bitcoin<\/h2>\n

Atkins was sworn in on Monday, 21 April 2025, as the 34th Chairman of the US SEC, marking a significant shift toward a more crypto-friendly regulatory stance.<\/p>\n

Strategy Chairman Michael Saylor took to X to say, \u201cSEC Chairman Paul Atkins will be good for Bitcoin.\u201d<\/p>\n

Commenting on Atkins\u2019 appointment, Trump said, \u201cHe\u2019s the perfect man to lead this agency at a time when crypto innovators are urgently in need of regulatory certainty and clear rules of the road.<\/p>\n

Meanwhile Atkins said that Bitcoin and crypto will be his top priority.<\/p>\n

\u201cAs I return to the SEC, I am pleased to join with my fellow Commissioners and the agency\u2019s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors,\u201d Atkins said. \u201cTogether we will work to ensure that the US is the best and most secure place in the world to invest and do business.\u201d<\/p>\n

Explore<\/strong>:\u00a0<\/span>17 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis<\/span><\/a><\/p>\n

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Key Takeaways<\/h3>\n


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\n <\/span>\u00a0The Crypto Task roundtable, attended by industry leaders, regulators, and legal experts, focused on the critical issue of digital asset custody \u2013 a longstanding pain point for crypto firms seeking to comply with federal securities laws.\u00a0<\/span><\/p>\n


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\n <\/span>The roundtable\u2019s primary topic \u2013 crypto custody \u2013 highlighted the complex interplay between investor protection and innovation.\u00a0<\/span><\/p>\n


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<\/span><\/p>\n<\/div>\n

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The post Paul Atkins Insists \u201cCurrent Framework Badly Needs Attention\u201d At SEC Crypto Roundtable<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

On 25 April 2025, the US Securities and Exchange Commission (SEC) hosted its first major Crypto Task Force roundtable. Headlining the Washington DC event, the newly appointed SEC Chair Paul Atkins said, \u201cThe market itself seems to indicate that the current framework badly needs attention.\u201d \u201cThis is important work as entrepreneurs across the United States […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62533","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62533"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62533"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62533\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}