SEC Chair Signals Major Shift in Crypto Regulation

SEC Chairman Paul Atkins has signaled a shift toward pro-crypto regulation, stressing the need for an updated framework to support digital asset innovation. Atkins criticized outdated regulatory uncertainty and committed to working with industry participants, fellow commissioners, and Congress to modernize crypto oversight. He noted the SEC's ability to act independently under existing laws while awaiting potential congressional action. Atkins highlighted plans to reevaluate custody rules and special-purpose broker-dealer registrations to better accommodate blockchain technology. Commissioner Hester Peirce, known for her advocacy of common-sense crypto policies, is expected to play a key role in the reforms. This proactive stance has raised hopes for increased regulatory clarity and support for the U.S. crypto sector.