New SEC chair intends to write rules for crypto [View all]
Source: Axios
5 hours ago
The new head of the U.S. securities regulator plans to modernize SEC rules and forms to better accommodate the registration of new crypto assets.
Why it matters: The digital asset industry has long sought a way to issue assets within U.S. regulations.
Driving the news: "I believe the commission has broad discretion under the Securities Acts to accommodate the crypto industry, and I intend to get that done," Securities and Exchange Commission chair Paul Atkins said in the keynote of an agency roundtable Monday.
He called it the key priority for his tenure to develop a "rational regulatory framework" for crypto asset markets that establishes clear rules for the three areas of issuance, custody, and trading.
Between the lines: Issuance includes establishing a way for entities to raise money for digital-asset products. Custody and trading are part of the industry process to move blockchain assets around in a regulatorily approved way.
Read more:
https://www.axios.com/2025/05/12/sec-crypto-paul-atkins-rules