SEC Chair: Will Introduce More Crypto Regulations to Keep Market in the U.S.
Odaily News: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that the SEC will continue to advance regulation of cryptocurrency and digital securities, and will introduce more rules to ensure the digital asset market remains in the United States.
On October 2, Paul Atkins stated that the SEC's proposed crypto asset custody regulatory framework aims to update rules established in 1940 that apply only to traditional asset custody and safekeeping. This move comes after the U.S. Senate failed to pass the CLARITY Act last month.
He noted that this framework is part of the SEC's efforts since 2025 to build a comprehensive crypto asset regulatory system, following earlier proposals for Regulation Crypto Assets and an Innovation Exemption, the latter of which would establish a 5-year sandbox allowing trading of U.S. stocks on decentralized exchanges and with liquidity providers.
John Reed Stark, former head of the SEC's Office of Internet Enforcement, believes this regulatory push exceeds the SEC's authority and bypasses congressional power. Paul Atkins stated that more regulatory proposals are forthcoming and that he will continue to assist President Trump in promoting the United States as the global capital of cryptocurrency. (Bitcoin.com News)
