SEC Chair Paul Atkins Says Crypto Deserves Clear Regulatory Rules, Praises ‘Crypto Mom’ Hester Peirce’s Efforts

New Securities and Exchange Commission Chair Paul Atkins indicated a friendlier approach toward cryptocurrency during his tenure on Friday, highlighting the need for a clear regulatory policy to help the industry thrive in the U.S.

What Happened: During the cryptocurrency task force roundtable, Atkins emphasized the significance of blockchain technology in modernizing the financial system, predicting it to enhance efficiency, reduce costs, increase transparency, and mitigate risks.

“Market participants engaging with this technology deserve clear regulatory rules of the road,” Atkins said. “Innovation has been stifled for the last several years due to market and regulatory uncertainty that, …

Full story available on Benzinga.com