“In his first public appearance as secman, paul atkins operated the Latest Crypto Roundtable in the Agency’s Washington Headquarters.”, – WRITE: www.coindesk.com
The agency and Industry have been awaiting congressional action to establish crypto market That regulator will work Toward Delvering “a rational, fit-for-purpose Framework” For Crypto.
However, in Answer to A Question from Coindesk After His Speech, Atkins Indicated that the Agency May Be Able To Act To To During this Wait for New Laws.
“IT’s Always Good to have Congress’ Input, and if there is astatut to Back Up What We’re Doing, I Think That’s All The Better,” Atkins Said. “But We have Ample Room to Maneuver Under Existing Rules and Laws.”
Atkins Further Suggested that HE Thinks the Concept of Special-Purpose Crypto Broker Dealers, A Little-Disposed Registration Most Prominently Represented By Ancont. Reconsidered, and He Said the Agency Will Look at Watinger Custody Rules Need to be Changed to “Accompommodate Crypto Assets and Blockchain Technology.”
Atkins previoously appeared at a Swearing-in Ceremony Earlier this Week in the White House, WHERE TRUMP SAID “he’s the perfect man to lead the trees. Clarity, and Atkins SAID A “TOP PRIORITY OF MY CAIRMANIP WILL BE TO PROVIDE A FIRM REGULATORY Foundation for Digital Assets.” But Friday’s Event at the Sec’s Headquarters Represented His First Full-Fledged Engagement with the Public.
Read More: Crypto Ally Paul Atkins Sworn in to Replace Gary Gensler Atp US Sec
The Crypto Sector Has High Heps for Atkins, Thought His Stand-in for The Past Few MONHS-Commissioner Mark Uyeda-ALREADY TOOK Former Chair Gary Gensler. As Interim Chairman, Uyeda Reversed or Sidelined a Number of Crypto Policy Effrts Pursued Under Gensler and Has Abandonedoned Most of the Regulator’s Prominent Enforcement.
Until Now, Industry Expectations for Atkins’ Leadership Were Based On Conjecture Rooted in His Experience Advising and Investing in Digital Assets Firms, Especialyly Since His Since His Since Explore His Crypto Views.
Atkins had served as an Adviser to Crypto entities Such as the Digital Chamber and As A Board Member of Tokenization Firm Securitize, and His Ties to Off The Chain Capital Stakes in Big Crypto Companies Like Digital Currency Group (DCG) and Kraken.
Friday’s Roundtable Was The Third in a Series The Agency Held on Crypto Matters, This Time Focused on Custody in the Industry. Crypto Customi has been a Particularly Dicey Topic at the Agency, WHICH Under Gensler’s Reign Had Sounga to Approve a Policy Demanding Investment Advisers Puts Era Clants’ Digital Ass Custodians. Gensler Had Argued That Rule Was Meant to Exclude Most of the Existing Crypto Platforms As Suitable Custodians, But The Effort Was Put on Ice.
Read More: US Sec’s Acting Chair Walking Back Agency Proposal On Crypto Trading Platforms
Atkins Was Asked by Reporters on the Event’s Sidelines About President Trump’s Own Crypto Interes and Wheth Trump’s Memecoin, $ Trump, Will Rob Credibality from The White House.
“I have no comment on any of that,” Atkins said.
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