Keep pulling the thread on Paul Atkins.
Under Chairman Paul Atkins, the SEC will no longer set policy for the crypto industry through ad hoc enforcement actions.
The SEC plans to provide clear and predictable rules for the crypto industry to encourage innovation within the United States.
A key priority of SEC Chairman Paul Atkins's tenure is to create a regulatory framework that allows market participants to innovate with 'super apps'.
The SEC's 'super app' concept proposes that securities intermediaries should be able to offer a broad range of products and services, such as crypto and traditional securities, under a single license.
The SEC's 'super app' framework would permit a broker-dealer with an alternative trading system to offer non-security crypto assets, crypto asset securities, and traditional securities without requiring more than 50 state licenses or multiple federal licenses.
SEC Chairman Paul Atkins has directed the commission's staff to develop guidance and rule proposals to make the 'super app' vision a reality.
According to SEC Chair Paul Atkins, the SEC has historically weaponized its investigatory and enforcement authorities to subvert the crypto industry.
SEC Chair Paul Atkins stated that the agency's previous enforcement-led approach to crypto regulation drove jobs, innovation, and capital overseas.
SEC Chair Paul Atkins asserted that the agency's past policies forced American entrepreneurs to spend significant funds on legal defense instead of business development.