Paul Atkins, the new Chairman of the U.S. Securities and Exchange Commission (SEC), said he sees “tremendous benefits” in digital assets. In his first public talk on April 25, he promised to work with lawmakers to build fair and clear rules for the crypto market.
Atkins spoke during a roundtable called "Know Your Custodian," part of the SEC’s new crypto working group. He said crypto can help reduce risks and lower costs. Atkins officially became SEC chairman earlier this week after being nominated by President Trump and approved by the Senate. He had worked at the SEC before, from 2002 to 2008, and later started a consulting firm that advised banks and crypto companies.
He also criticized the SEC’s past leadership under Gary Gensler, saying it created confusion and hurt innovation. Gensler treated most cryptocurrencies as securities and sued many crypto companies.
Since Gensler left in January, the SEC has changed direction: it dropped strict crypto accounting rules, stopped lawsuits against crypto firms, and started more open discussions with the industry.
Atkins said making clear crypto rules is one of his top goals. Many believe this new, friendlier approach could boost investment and innovation in the U.S. crypto market.
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Note: Crypto investments are risky. Always do your own research.
