Regulatory Watchdog Urges Safeguarding of Cryptocurrency Markets from 'Regulatory Manipulation'
In a significant shift for the United States Securities and Exchange Commission (SEC), Chair Paul Atkins has made it clear that the regulatory body is moving towards embracing innovation in the cryptocurrency industry. Atkins, during a recent appearance at the 2025 Wyoming Blockchain Symposium, stressed that it is "a new day" for the sector.
Atkins has expressed a desire for flexibility in cryptocurrency regulation to ensure the industry's adaptability. He stated that the regulatory scheme should be adaptable to changes in the marketplace and technology as time progresses. This approach is a stark contrast to the active regulation by enforcement strategy adopted under the leadership of former SEC Chair Gary Gensler.
The SEC, under Atkins' leadership, is aiming to move away from the hostility that was fomented under Gensler's leadership. Atkins has recalled that the SEC's approach to cryptocurrency shifted from a "head-in-the-sand" approach to active regulation under Gensler.
Atkins has also stressed the importance of future-proofing the cryptocurrency industry from potential regulatory overreach. He expressed his intention to work with his counterparts across the Administration and Congress to craft a framework that would protect the cryptocurrency markets against regulatory mischief in the future.
In line with this, the SEC is mobilizing all of its divisions to achieve cryptocurrency dominance. Atkins stated that this effort includes reviewing cryptocurrency-related products such as Exchange Traded Funds (ETFs) and supporting regulatory clarity in the crypto market.
The proposal that the SEC should develop a regulatory framework specifically to protect cryptocurrency markets from "regulatory gaps" was made by the SEC itself. However, the exact individual or entity who first suggested the SEC develop such a framework is not explicitly stated in the search results.
Atkins has also highlighted the importance of the recently passed GENIUS Act for stablecoins. He emphasized the need to answer many questions in the crypto sector, and he looks forward to more progress in Congress when it comes to cryptocurrency-focused legislative efforts.
Atkins has made it clear that he looks forward to working with his counterparts across the Administration and Congress to protect the cryptocurrency markets against regulatory mischief in the future. This shift in approach from the SEC is likely to bring a more positive outlook for the cryptocurrency industry.
Read also:
- President von der Leyen's address at the Fourth Renewable Hydrogen Summit, delivered remotely
- Unveiling Innovation in Propulsion: A Deep Dive into the Advantages and Obstacles of Magnetic Engines
- Intensified farm machinery emissions posing challenges to China's net-zero targets
- EU Fuel Ban Alerts Mercedes Boss of Potential Crisis
