Paul Atkins, newly appointed chairman of the US Securities and Exchange Commission (SEC), addressed the crypto industry at a recent roundtable, highlighting his criticism of the SEC’s regulatory approach over the past four years. He emphasized that this has stifled innovation in the sector. Speaking about the need for clarity, Atkins stated: “Unfortunately, the innovation has been stifled for the past few years because of market and regulatory unpredictability that the SEC has promoted.” He assured industry members that he aims to bring regulatory clarity to the crypto space through a more rational framework that incorporates risk mitigation measures. Notably, this comes after Gary Gensler’s departure from the SEC following the election of President Trump, before his joining. Mark Uyeda took over as interim chair. Additionally, under his tenure, the SEC has withdrawn investigations and cases, leading to expectations of a more favorable regulatory environment in crypto. Atkins’ remarks highlight this positive shift, and he emphasized his commitment to working with commissioners and staff to achieve their mission: “facilitating capital formation, maintaining fair, orderly, and efficient markets.” He concluded by stating, “We will work together to make sure that the United States is the best and most secure place to invest and do business”.