U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the SEC is trying to make up for the "significant missed opportunities" in previous cryptocurrency regulation. He criticized former Chairman Gary Gensler for failing to adapt to industry innovation during his tenure. Atkins pointed out that after the Trump administration took office, the SEC shifted towards a more friendly regulatory stance, including establishing a dedicated cryptocurrency task force, withdrawing multiple enforcement cases, and advancing "Project Crypto" to update the regulatory framework. He emphasized that although individual cryptocurrency asset prices may fluctuate, he is more optimistic about the potential of distributed ledger technology in payment, clearing, and settlement systems. (The Block)
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U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the SEC is trying to make up for the "significant missed opportunities" in previous cryptocurrency regulation. He criticized former Chairman Gary Gensler for failing to adapt to industry innovation during his tenure. Atkins pointed out that after the Trump administration took office, the SEC shifted towards a more friendly regulatory stance, including establishing a dedicated cryptocurrency task force, withdrawing multiple enforcement cases, and advancing "Project Crypto" to update the regulatory framework. He emphasized that although individual cryptocurrency asset prices may fluctuate, he is more optimistic about the potential of distributed ledger technology in payment, clearing, and settlement systems. (The Block)