Paul Atkins, the newly appointed Chair of the SEC, is scheduled to make a public appearance at the upcoming Crypto Roundtable meeting about crypto custody happening on Friday.
During his inauguration, Atkins highlighted his focus on providing regulatory clarity for digital assets. This initiative could lead to the development of more institutional products based on cryptocurrencies, increased adoption, and enhanced flexibility for US-based projects.
As of today, Paul Atkins has officially assumed his role as the SEC Chair and vowed to approach crypto regulation with principles. He brings early involvement with RSR as an advisor and has over $6 million in crypto investments, indicating his dedication to the industry. Atkins is set to deliver a speech at the Crypto Roundtable on Friday, potentially shedding light on his vision for the future.
Eleanor Terrett stated that Atkins is slated to discuss crypto trading at the upcoming SEC Roundtable, marking his first public statements on digital assets since becoming Chair. The ongoing Crypto Roundtable talks, initiated in late March, will provide Atkins with an opportunity to outline his priorities, focusing mainly on crypto custody discussions in the upcoming meeting.
Though the specifics of Atkins' strategies are yet to be revealed, his underlying concerns are somewhat apparent. With pending matters like the Ripple vs. SEC lawsuit and 72 altcoin ETF proposals awaiting the Commission's decisions, Atkins will have plenty to address.
Atkins seems poised to maintain a laissez-faire approach to crypto regulation in line with the ethos of the previous administration. In his acceptance speech, he indicated plans to steer the SEC away from what he views as past deviations under Gary Gensler's leadership and make the US a prominent player in the global crypto space.
However, concerns linger among some investors regarding Atkins' hands-off approach to policing bad actors as demonstrated in his past stint as SEC Chair before the 2008 financial crisis.
The upcoming Crypto Roundtable on Friday is just the beginning of Atkins' engagement with the industry. While the SEC has pivotal issues to address, such as the securities debate, the community eagerly anticipates how Atkins will navigate these challenges and shape his stance on crypto regulation.