Securities and Exchange Commission chair Paul Atkins told a Senate subcommittee that his approach to crypto “will be done through notice and comment rulemaking, not through regulation by enforcement.”
The US Securities and Exchange Commission will hone its crypto policies with “notice and comment” and move away from shaping its rules through the courts, agency chair Paul Atkins told Congress.
In June 3 remarks to the Senate Appropriations Subcommittee on Financial Services, Atkins said the agency’s crypto policymaking “will be done through notice and comment rulemaking, not through regulation by enforcement.”
“The commission will utilize its existing authorities to set fit-for-purpose standards for market participants,” he added.
