New SEC Chair Paul Atkins Commits to Clear Crypto Regulation and End to Uncertainty
Paul Atkins, the newly appointed Chair of the U.S. Securities and Exchange Commission (SEC), delivered his first public remarks on digital assets during the agency’s third-ever Crypto Roundtable, held at SEC headquarters in Washington, D.C., on April 25.
In a strong and forward-looking speech, Atkins emphasized his commitment to establishing a clear and balanced regulatory framework for cryptocurrencies, marking a distinct departure from his predecessor’s controversial, enforcement-driven approach.
“Crypto market participants deserve transparent and consistent rules,” Atkins stated. “Over the past several years, both innovation and investment have been stalled due to regulatory uncertainty, much of which the SEC has unfortunately perpetuated.”
Atkins Rejects ‘Regulation by Enforcement’ Strategy
Taking a direct swipe at former SEC Chair Gary Gensler, Atkins criticized the prior administration’s reliance on regulation-by-enforcement, which many in the industry argue hindered innovation and drove businesses offshore.
Instead, Atkins pledged to work closely with crypto stakeholders, federal agencies, and Congress under President Trump’s administration to develop a fit-for-purpose policy that supports responsible growth in the digital asset sector.
“We need a regulatory approach that supports innovation while protecting investors. I’m excited to collaborate with industry leaders and lawmakers to make that happen,” he added.
A Pro-Crypto Chair with Skin in the Game
Atkins' appointment is seen as a pro-crypto move, signaling a major shift in tone from the SEC. According to recent disclosures, the new Chair may personally hold up to $6 million in cryptocurrency assets, giving him a direct stake in the industry he now oversees.
This connection has fueled optimism that the SEC may finally take a more rational and informed approach to digital asset regulation.
Crypto Roundtable Highlights: Focus on Custody and Policy Development
Friday’s roundtable also marked the first time Atkins joined as SEC Chair. The event, organized by the SEC’s Crypto Task Force, focused on pressing issues such as crypto custody regulations, investor protection, and defining the SEC’s evolving role in digital finance.
The Task Force, launched earlier this year, is working to develop a comprehensive crypto regulatory framework through public dialogue and cross-sector cooperation.
Praise for Commissioner Hester Peirce and Her Pro-Crypto Advocacy
Atkins also gave special recognition to SEC Commissioner Hester Peirce, who leads the Crypto Task Force and has long advocated for common-sense crypto policies.
“Commissioner Peirce has been a relentless voice for regulatory clarity and fairness. I can’t think of a better person to lead this important initiative,” Atkins said.
Peirce, often referred to as “Crypto Mom” by the community, has championed a safe harbor for startups and urged the SEC to modernize its treatment of blockchain technology.
What’s Next for U.S. Crypto Regulation?
With Atkins at the helm, the SEC appears poised to reset its relationship with the crypto industry, moving away from combative tactics and toward collaboration, transparency, and innovation.
As U.S. regulators face mounting pressure to catch up with global standards, Atkins’ leadership could usher in a new era for digital asset regulation, one built on clarity, consistency, and investor confidence.
