U.S. SEC Chairman Paul Atkins: Will Establish Appropriate Standards for the Crypto Market

Odaily Planet News: The new SEC Chairman Paul Atkins stated on Monday, "This is a new era for the SEC," and policy-making will no longer rely on temporary enforcement actions. Instead, the agency will utilize its existing powers to establish rules, interpretations, and exemptions to set appropriate standards for market participants. Atkins criticized the approach of former chairman Gary Gensler, saying that the SEC previously adopted an ostrich-like strategy—perhaps hoping cryptocurrencies would simply disappear. Atkins also revealed that the SEC might update custody rules, allowing self-custody under specific conditions, and explore potential conditional exemptions for those seeking to launch new products and services.