Paul Atkins took the helm of the SEC and immediately signaled a shift in policy regarding cryptocurrency. In his first public address as Chairman, he criticized former Chair Gary Gensler’s approach to crypto regulation, stating that it stifled innovation due to its regulatory uncertainty. He emphasized the need for clear rules and regulations and highlighted Commissioner Hester Peirce’s efforts in pushing pro-crypto reforms, including dropping major lawsuits against crypto companies. 🤝 Atkins also expressed optimism about the potential of crypto innovation, citing cost reductions, increased transparency, and lower risk as key benefits. His focus is on fostering a rational framework that supports this growth. Notably, he pledged to remove unnecessary regulatory burdens on the industry, aiming for greater efficiency and investor protection under his leadership. The crypto community now awaits the impact of these new policies.