SEC Chairman Unveils New Approach for Crypto Regulation

SEC Chairman Paul Atkins has outlined a major shift in cryptocurrency regulation strategy during his address to the U.S. Senate Appropriations Committee. The new approach prioritizes clarity and transparency through a “notice and comment” process, replacing prior rulemaking methods heavily reliant on enforcement actions. This change seeks to protect investors from fraud by creating predictable regulations for market participants. The SEC’s Crypto Working Group will play a key role in drafting these regulations, with an initial report expected soon.