SEC Chair Paul Atkins criticized former chair Gary Gensler's administration for its negative impact on innovation within the cryptocurrency sector during his first address in office. He emphasized the necessity for clear regulatory guidelines for market participants and expressed concern about regulatory uncertainty that has stifled innovation in the past years. Atkins praised the ongoing efforts of Commissioner Hester Peirce, who has been vocal in advocating for a balanced crypto policy. Under Peirce's leadership, the SEC has begun to reform its approach, moving towards less adversarial engagement with crypto entities and focusing on creating a supportive environment instead of enforcement-driven regulation. Atkins indicated a commitment to working collaboratively with industry stakeholders and other government entities to foster a rational framework for cryptocurrency assets, forecasting benefits such as increased efficiency and transparency.

Source đź”—