SEC Chair Atkins enters crucial 12-month crypto and regulatory push post shutdown, says TD Cowen
TD Cowen analysts believe the next 12 months are crucial for SEC Chair Atkins' regulatory agenda following the government shutdown.Summary
According to a note from TD Cowen’s Washington Research Group, led by Jaret Seiberg, the 12 months following the federal government's reopening are pivotal for the SEC as it focuses on writing rules for the cryptocurrency industry under Chair Paul Atkins. Seiberg described this period as the most important of Atkins' tenure regarding his deregulatory agenda. The SEC has already taken steps this year, including releasing staking guidance, holding roundtables, and launching "Project Crypto" to modernize rules, alongside unveiling a token taxonomy to define digital assets as securities. Seiberg noted that the SEC must issue proposals soon to finalize them by 2027, allowing time for judicial defense before 2028. Beyond crypto, Atkins is also focused on issues like semi-annual reporting and retail access to alternative investments, but in the crypto space, a key focus is expected to be tokenized equities, with expectations that Atkins will grant necessary exemptive relief to online brokers and crypto platforms.
(Source：The Block)