SEC Chair Prioritizes Transparency and Balance in Crypto Regulation

During his testimony before the House Appropriations Subcommittee, SEC Chair Paul S. Atkins emphasized the need for regulatory transparency and cost-benefit analysis when shaping digital asset rules. He believes striking a balance between supporting innovation and investor protection is crucial. His focus on collaboration with Congress to establish a framework promoting innovation while ensuring compliance underscores his commitment to avoiding overly restrictive measures that stifle growth. To achieve this, he plans to conduct thorough cost-benefit analyses before formulating new regulations.