The SEC chair signaled that the agency would defer to a market structure bill if passed by Congress, but needed a ”bridge” to clarify crypto regulation.
US Securities and Exchange Commission (SEC) Chair Paul Atkins has clarified how the agency intends to approach digital asset regulation following an interpretative notice issued this week.
In prepared remarks for a Thursday speech at the Practising Law Institute, Atkins said that the SEC would take a different approach to digital assets than its previous “regulation by enforcement” campaign. According to the SEC chair, the agency would first focus on its interpretation of how federal securities laws apply to crypto following the signing of a memorandum of understanding with the Commodity Futures Trading Commission (CFTC) last week.
“[…] While the interpretation provides long-needed clarity, I should like to assure this audience that it amounts to a beginning, not an end,” said Atkins.
