SEC Chairman maintains clarity and caution in promoting digital assets

SEC Chairman Paul Atkins stressed the need for transparency and openness in the regulation of digital asset markets, warning that ambiguity could kill innovation and undermine investor protection. He reiterated the SEC's commitment to adjusting its regulatory approach to balance enforcement against fraud and supporting responsible development. Atkins highlighted cross-sectoral collaboration with the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Currency Comptroller (OCC) to avoid regulatory fragmentation and arbitrage. He noted that the SEC is reviewing the existing framework and may propose new rules for digital assets, seeking to make progress in the next fiscal year based on data and market developments rather than political pressure.