President of the SEC, Paul Atkins, promises clear regulations and more dialogue with the crypto sector

The new president of the Sec He undertakes to change the regulatory approach to cryptocurrencies, facilitating conditions through the available mechanisms, always maintaining a conciliatory approach to this industry.

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• Paul Atkins states that he starts “A new day” For the crypto industry
  
• Punitive actions are abandoned without clear rules
  
• The agency will explore norms for custody and regulatory exemptions

The US stock and securities commission (sec) It begins a new stage under the direction of Paul Atkins, appointed by President Donald Trump, which will impact favorably for the cryptocurrency sector, since the official said there will be a radical turn in the agency’s policy towards this sector.

This was indicated by Atkins during his participation in a meeting held by the cryptocurrency work group of the Sec, reviewed by The Block. The new director of the agency presented his vision of a more structured and favorable regulation for digital assets, urging that there will be clear norms, established through the use of existing legal tools, qualifying this whole set as “A new day” For this ecosystem.

From the offensive to regulation with purpose

During his participation, Atkins openly criticized the previous management, noting that crypto policy was formulated through “Improvised Coercive Actions”without a previous guide for market participants.

“We are no longer going to depend on random punitive measures. We will use our legal powers to establish appropriate standards for this sector”ATKINS said.

During the mandate of Gary Gensler, the Sec He undertook multiple legal cases against high profile crypto companies, although many were discarded after departure in January. The former director’s punitive approach was widely criticized by industry actors, who accused him of obstructing innovation.

Atkins expressed his willingness to collaborate with him Congress to design a regulatory framework that allows the industry to develop with legal certainty. In contrast to Gensler’s rhetoric, who warned that cryptocurrencies were “Full of fraud and manipulation”, The new president of the Sec Consider that digital assets offer “huge benefits.”

One of its main criticisms of the previous administration was the ambiguous attitude towards dialogue with emerging companies. “They said they were open to receiving those interested, but that did not translate into real adaptations to the registration forms for new technologies,” explained.

Custody, contracts and new products

Atkins announced that it will begin to write guidelines for assets that are considered values ​​or are subject to investment contracts. He also hinted that current custody rules could be modified to allow funds and financial advisors under certain conditions.

In addition, he raised the possibility of modernizing the framework of the “Special purpose-purpose corridors” and explore regulatory exemption mechanisms for new products.

“I want to assess whether it would be appropriate to offer conditional exemptions to those who wish to launch innovative products or services that do not fit well in our current rules”he declared.

A new climate for cryptocurrencies in the US?

The turn proposed by Atkins represents a deep transformation in the institutional approach of the main US financial regulator. His vision aims to create an environment where cryptocurrencies can prosper under clear norms, instead of operating under the constant threat of litigation.

However, the crypto community remains cautious. Although many applaud the favorable rhetoric of Atkins, others remember that regulatory promises can be diluted in the legislative path or face internal opposition within the own Sec.

The truth is that, for the first time in years, the official discourse of the agency recognizes the need to adapt its structures so as not to be left behind the technological evolution.

The industry now observes carefully whether the words of the new president translate into tangible norms, or if this “New day” It will be another postponed dawn on the American crypto horizon.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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