The new chairman of the US Securities and Exchange Commission (SEC) says that creating clear legal guidelines for crypto activa is a top priority for the agency.
During a speech during his sworn ceremony, SEC chairman Paul Atkins, who previously served between 2002 and 2008 as one of the supervisory boards of the regulatory body, says that the SEC is planned to create ‘rational and coherent’ rules for digital assets.
“It is time for the SEC to put an end to his obstinacy and return to his core mission that the congress has set for it: investor protection, fair and efficient markets and capital formation.
I will work to protect investors against fraud, to keep politics of how our securities legislation and scriptures are applied and promote clear road rules that encourage investments in our economy for the benefit of Americans.
A top priority of my chairmanship will be to offer a solid regulatory basis for digital assets through a rational, coherent and principle approach. We will work to ensure that the United States is the best and most safe place in the world to invest and do business. ”
Under the BIDEN Administration and the check of previous chairman Gary Gsler, the SEC has delivered various high-profile lawsuits against prominent crypto companies, including top crypto exchanges Coinbase, Kraken and Binance, Crypto Wallet Developer Consensys, Payments Platform Ripple Labs Opena..
Atkins was nominated by President Donald Trump as chairman of the SEC in December. Since Trump took office in January, the SEC has dropped many of the lawsuits that focused on the digital activa companies.
https://www.youtube.com/watch?v=Y9IW0IVCLYO
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