SEC to Use Formal Rulemaking for Crypto, Says Chair Atkins

SEC to Use Formal Rulemaking for Crypto, Says Chair Atkins

U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins announced a significant policy pivot on June 3, committing the agency to develop its cryptocurrency regulations through formal notice-and-comment procedures, a departure from the enforcement-heavy strategy employed by his predecessor. In testimony before the Senate Appropriations Subcommittee on Financial Services, Atkins affirmed that crypto policy under his leadership “will be ...

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