Paul Atkins, the new president of the US Securities and Stock Exchange Commission (SEC), promised to make comprehensive changes in the current regulatory approach as soon as he took office. Atkins aims to create a more open and open -renewal framework by stretching the strict applications that have been criticized for a long time in the sector.
Atkins’s plans to eliminate uncertainties
Paul Atkins expressed in a clear language that the strict attitude of previous SEC administrations to the crypto currency market damages the sector. Stating that the uncertainties that have occurred over the years undermine the development and innovation in the market, Atkins stressed that this picture will change in the new period.
Atkins pointed out the necessity of a regulatory model that will pave the way for the sector and launched works for clear rules and compatible practices. He stated that his aim was to establish a balance that will protect investors and support technological progress.
Atkins addressed the public for the first time at the SEC’s third crypto currency power meeting, and said that the current system could no longer respond to sector needs. He signaled that an understanding would be brought more flexible and appropriate to the spirit of the age.
Strategic Approach to Crypto Money Sector
New regulations are planned to give priority to Bitcoin and other leading crypto currencies, especially. Atkins predicts that the steps that will provide clarity will both increase the trust of individual investors and accelerate the entry of corporate actors to the sector.
Atkins’s goals include making the US a global leader in digital assets. It is thought that the regulatory model to be created in this direction may be an example in international markets.
Sector representatives believe that Paul Atkins’s two -term experience from the past will provide an important advantage. In particular, the reduction of uncertainties and the establishment of transparent rules may allow the market to reach more solid foundations.
Unlike the harsh policies followed by former President Gary Gensler, Atkins is expected to adopt a more participatory and open line. It is stated that this new approach can increase the motivation of both investors and entrepreneurs.
Although the results in the short term are not expected to become clear, Atkins’ roadmap draws can trigger a radical change in the sector over time. Sector stakeholders are united in the opinion that this change will directly affect the future of the crypto currency market.
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.
