SEC Chairman Paul Atkins targeted the former government’s crypto policies in a regulator’s latest roundtable exploring digital asset regulations.
At Monday’s event, entitled “Defi and The American Spirit” by the SEC’s crypto task force, Atkins explain The previous administration has recommended that the agency take a hard approach to the position of digital assets under former chairman Gary Gensler. He added that the SEC’s points policy as a service provider requires Congressional approval to have lasting authority and touts self-perception as “the basic value of the United States.”
“I like being a market participant to provide greater flexibility, especially if the middlemen impose unnecessary transaction costs or limit their ability to engage in points and other chain activities,” Atkins said at the roundtable.
“Unfortunately, the previous government undermined innovations in self-customized digital wallets and other OnChain technologies by advocating through regulatory actions that developers of such software may be conducting brokerage activities.”
The roundtable is the fifth event in 2025, organized by the SEC’s crypto task force and led by Commissioner Hester Peirce. Previous roundtable discussions focused on crypto trading regulations, custody, tokenization and token status as the state of securities. As of Monday, no other roundtables appeared on the SEC’s calendar.
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“…these roundtables give us a lot of stuff, to say the least. While the series is called “a spring sprint to cryptocurrency clarity,” I’m not sure if we can illuminate this simply or quickly (…) this complex problem and higher problem is higher than doing it quickly.”
Second turnaround under Atkins and Donald Trump?
Since Donald Trump took office and left the SEC in January, the agency appears to have taken a different approach to digital assets through its regulators and courts.
In February, the SEC agreed Give up law enforcement Oppose Coinbase less than two years later in court. About a month later, Ripple CEO Brad Garlinghouse announced SEC Will give up his appeal After court ruling against companies in 2020 law enforcement lawsuits.
Leadership group of the SEC and Commodity Futures Trading Commission (CFTC), a major U.S. financial regulator, Maybe short In the near future, resignation and commissioner expiration terms. Lawmakers on the Senate Agriculture Committee plan to consider Trump’s nomination of Brian Quintenz as CFTC chair on Tuesday.
Magazine: SEC’s turnaround on cryptocurrencies leaves key issues
