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Title: New SEC Chair Says Crypto Deserves Clear Rules
In a recent development, the new chair of the Securities and Exchange Commission (SEC), Paul Atkins, has made it clear that he believes cryptocurrency deserves clear rules. This statement comes as part of his agency’s third crypto roundtable discussion, which focused on challenges surrounding custody rules.
Atkins emphasized the need for regulatory standards to effectively safeguard customer assets in the blockchain space. While acknowledging the importance of protecting investors, he also hinted at the possibility of an alternative custody regime specifically designed for cryptocurrency and blockchain-based assets.
This stance has garnered significant attention from within the crypto community, with many hoping that this renewed focus on clarity will provide a much-needed boost to the industry’s growth and stability.
However, not everyone is convinced. Caroline Crenshaw, the lone Democratic commissioner, expressed skepticism about the need for tailored custody rules, citing concerns over potential risks and investor protection. Her remarks serve as a stark reminder of the ongoing debate within regulatory bodies regarding the role of government in crypto markets.
Despite this disagreement, Atkins’ statements have sparked hope among market participants that the SEC may be poised to take a more active role in shaping the future of cryptocurrency and blockchain technology.
What do you think?
Source: https://u.today/new-sec-chair-says-crypto-deserves-clear-rules
