‘Crypto markets have been languishing in SEC limbo’

In considered one of his first speeches since turning into chair of the US Securities and Trade Fee (SEC) in April, Paul Atkins addressed a number of the regulatory considerations across the cryptocurrency business.

In ready remarks for a Might 19 speech, Atkins said it was a “new day” for the crypto business underneath the present management of the SEC. He instructed that the monetary regulator could be extra open to “adapt to and accommodate new developments” whereas nonetheless abiding by its statutes.

“The crypto markets have been languishing in SEC limbo for years,” mentioned Atkins, including:

“Whereas I’ve directed Fee workers throughout our coverage Divisions to start drafting rule proposals associated to crypto, the workers proceed to ‘clear the comb’ by means of staff-level statements.”

Even earlier than Atkins stepped into the function of SEC chair, the fee’s actions underneath Donald Trump instructed that it could radically depart from the course of former chair Gary Gensler. In 2025, the SEC has dropped a number of investigations and enforcement actions towards crypto firms and issued guidance on memecoins and safety tokens.

Associated: CFTC commissioner to leave agency on May 31