New chapter SEC – cryptocurrency is waiting for a change

Paul Atkins, a supporter of reasonable regulation, will head the SEC this week. What does this mean for Bitcoin and altcoins?

This week, a lawyer and a well -known supporter of cryptocurrency Paul Atkins will officially take office as chairman of the US Securities and Exchange Commission (SEC). Its purpose can marked a new era in the regulation of digital assets, since Atkins has repeatedly advocated a more balanced and consistent approach to cryptocurrencies.

Who is the floor of Atkins

Paul Atkins – an experienced lawyer and former commissar SEC (2002–2008). He is known for his criticism of excessively strict regulation and calls for more flexible policy regarding innovative financial technologies. In recent years, Atkins has actively supported the development of cryptocurrency, speaking for clear, but not overwhelming rules.

Priorities of the new chairman SEC

In his statements, Atkins designated several key areas of work:

1. Creating a clear regulatory base for crypto acts:

• Atkins intends to develop rules that will provide legal certainty for investors and companies working with digital assets.
• He emphasizes the need for a “rational, consistent and fundamental approach”, avoiding excessive regulation politicization.

2. Reducing regulatory pressure

• The new SEC chapter criticized the former policy of the department for aggressive court claims against cryptocurrencies (for example, cases against Ripple and Coinbase).
• Atkins believes that the SEC should “eliminate policy from interaction with the markets” and focus on protecting investors without suppressing innovation.

3. Dressing between securities and goods. One of the main problems of the crypto industry is obscurity in determining the status of tokens. Atkins can revise the SEC approach to the classification of assets, which will remove part of the regulatory risks for projects.

Market reaction

The appointment of Atkins has already caused optimism in the crypto community:

• Large players, such as Coinbase and Kraken, count on softening the SEC position.
• Bitcoin and Ethereum courses can be supported if regulatory uncertainty decreases.
• The chances of approval of the spotes Bitcoin-ETF, which the SEC have previously blocked, will increase.

Conclusion: Step to the balance between innovation and regulation?

If Atkins manage to implement the declared plans, the SEC can become a more predictable and friendly regulator for the crypto industry. However, he will face resistance from skeptics within the department and congress. Nevertheless, his purpose is an important signal for the market: the era of the “regulatory war” with cryptocurrencies can come to an end.

The opinion of the author. I translate into human language: in the near future the crypt will be given green light. The Fed has already canceled the requirements of the preliminary coordination of cryptoactivity for banks, actually opening it with a free path To work with digital assets. There will be no rigid regulation (at least for the term of Trump). Laws will write “On the go”as in that film: “Drings – will be”.

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