‘You ain’t seen nothing yet,” SEC Chair Atkins signals quick action on crypto priorities in the new year
SEC Chair Paul Atkins promised swift action on ambitious crypto priorities, including a token taxonomy and an innovation exemption, in the coming year.Summary
Securities and Exchange Commission (SEC) Chair Paul Atkins signaled that significant progress on the agency's cryptocurrency priorities is imminent, stating, "You ain't seen nothing yet." Speaking at the Blockchain Association Policy Summit, Atkins indicated that proposals he has been working on will begin to materialize in the new year. His ambitious agenda includes developing a "token taxonomy" to classify digital assets as securities, launching "Project Crypto" to update SEC rules for digital assets, and pushing for an "innovation exemption" to fast-track crypto products, which he hopes to release around the end of January. This proactive approach contrasts sharply with the previous administration under Chair Gary Gensler, which was criticized for "regulation by enforcement." Regarding legislative efforts in Congress to define jurisdiction between the SEC and the CFTC, Atkins stated the SEC will await Congress's outcome.
(Source：The Block)