SEC Chairman rolls up sleeves: Focus will be on 3 areas in Crypto

The chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, has rolled up his sleeves to implement regulations that will support the crypto industry. Atkins stated that the SEC will primarily focus on three areas under its own administration. He expressed that these areas are token issuances, custody, and trading operations.

Atkins, stating that the "shoot first, ask questions later" approach during former Chairman Gary Gensler's term is now behind us, emphasized that in the new era, they will not force crypto companies to go abroad.

Regarding token issuances, Atkins expressed his determination to follow a new path to establish new rules that will ensure compliance in the crypto industry.

The Chairman stated that companies should be offered more options on how to store their crypto assets. Expressing his pleasure at the cancellation of the SAB 121 rule, which complicates the collaboration of crypto companies with banks, Atkins said, "Under certain conditions, storage rules can be updated to allow advisors and funds to hold cryptocurrencies in-house."

Finally, Atkins noted that he is open to the buying and selling of a broader range of products. The chairman also added that he wants to investigate whether any rule changes are needed to facilitate the listing and trading of cryptocurrencies on national securities exchanges such as the New York Stock Exchange or Nasdaq.

Published: May 13, 2025 23:44