US President Donald Trump proposed by the SEC presidential candidate’s discourses, indicating that the uncertainty in the crypto asset sector has negative effects on the sector. Candidate Paul Atkins, during the statement in front of the Senate Banking Committee, uncertain arrangements have caused trouble over market and investors, he said. The candidate shared his experience in the sector with the public as a name president of the SEC during the George W. Bush during the past.
Crypto Regulation
Atkins said that he has pioneered the development of the best practices for the sector since 2017 in the field of crypto currency. He pointed out that arrangements that create uncertainty in the market prevent innovation and market growth. In his statements, he underlined that crypto assets could not be achieved due to the lack of net rules in the current situation.
Paul Atkins: “Since 2017, I have tried to develop the best practices for crypto beings. Uncertain and incomplete arrangements are uncertain in the market and restrict innovation.”
Regulation Process and Future Look
The candidate said that the creation of the regulatory frame will be one of the priority studies within the SEC. He said that he aims to establish a logical, consistent and compatible regulatory system by evaluating the current situation, cooperating with congress and other commission members.
Paul Atkins: “One of the most important priorities of my presidency is to create a solid regulatory ground for crypto beings.”
Atkins stated that it is more important to write the implementation of regulations based on past experiences. It was emphasized that the preparation of the regulations in accordance with the purpose, effective and in accordance with the market conditions would be useful for all stakeholders.
The views of the candidate point to the importance of regulatory infrastructure in order to eliminate the existing uncertainties in the digital asset sector and to develop the market healthier. According to this approach, an environment supported by net rules is aimed to have positive results for all market participants.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
