Investing.com -- Paul Atkins, chair of the Securities and Exchange Commission (SEC), has outlined his plan to revamp the agency’s policies on cryptocurrency. Atkins announced his intentions on Monday, during a public meeting of the SEC’s crypto task force, stating that he intends to establish guidelines for the distribution of crypto tokens that are securities. He also indicated the possibility of considering additional exemptions.
Atkins’ vision for the SEC includes potential modifications to its rules to allow registered broker-dealers with an alternative trading system (ATS) to facilitate trading in non-securities like bitcoin or ether, the two largest cryptocurrencies.
Atkins emphasized that a key priority of his chairmanship will be to develop a rational regulatory framework for crypto asset markets. This framework will establish clear rules for the issuance, custody, and trading of crypto assets, while continuing to deter bad actors from violating the law.
Having taken his oath last month, Atkins has stated that his top priority as SEC chair will be to establish a solid foundation for digital assets and to keep politics separate from securities laws.
The SEC’s crypto task force, led by Republican SEC Commissioner Hester Peirce, is responsible for developing rules and guidance for the cryptocurrency sector.
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