{"id":24501,"date":"2025-06-04T13:10:07","date_gmt":"2025-06-04T10:10:07","guid":{"rendered":"https:\/\/forklog.com\/en\/paul-atkins-confirms-secs-shift-from-enforcement-to-guidance-for-crypto-firms\/"},"modified":"2025-06-04T13:10:07","modified_gmt":"2025-06-04T10:10:07","slug":"paul-atkins-confirms-secs-shift-from-enforcement-to-guidance-for-crypto-firms","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paul-atkins-confirms-secs-shift-from-enforcement-to-guidance-for-crypto-firms\/","title":{"rendered":"Paul Atkins Confirms SEC&#8217;s Shift from Enforcement to Guidance for Crypto Firms"},"content":{"rendered":"<p>Oversight of digital asset industry participants &#8220;will be conducted through notifications and comments, rather than enforcement regulation,&#8221; stated SEC Chairman <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> Paul Atkins during Senate hearings.<\/p>\n<p><iframe loading=\"lazy\" width=\"1218\" height=\"685\" src=\"https:\/\/www.youtube.com\/embed\/J6zWY-MPkco\" title=\"SEC Chairman Paul Atkins testifies on fiscal year 2026 budget request \u2014 6\/3\/2025\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>The official assured members of the financial services subcommittee that the agency will refrain from establishing its rules through the courts.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The Commission will use existing authorities to set standards,&#8221;<\/em> Atkins noted.<\/p>\n<\/blockquote>\n<p>The head of the agency promised to ensure compliance with regulations, particularly in the areas of fraud and manipulation.<\/p>\n<p>The SEC will establish &#8220;clear rules&#8221; for the issuance, custody, and trading of cryptocurrencies and will prevent law violations by unscrupulous market participants, he added.<\/p>\n<p>Atkins did not directly address the question of supporting bitcoin exchanges listing traditional securities and digital tokens, citing the preparation of rules &#8220;that allow for innovation.&#8221;<\/p>\n<p>The SEC Chairman&#8217;s comments align with his statements following his<a href=\"https:\/\/forklog.com\/en\/news\/paul-atkins-takes-helm-at-sec\"> swearing-in<\/a>. <\/p>\n<p>At that time, Atkins identified the creation of a clear and understandable regulatory framework for digital assets as his priority. He emphasized his intention to focus on increasing market transparency and enhancing investor protection.<\/p>\n<p>Atkins&#8217; appointment marks a shift in the SEC&#8217;s approach. His strategy differs from that of former head <a href=\"https:\/\/forklog.com\/en\/news\/gary-genslers-departure-a-retrospective-on-the-sec-chairs-tenure\">Gary Gensler<\/a>, who often relied on &#8220;enforcement regulation.&#8221;<\/p>\n<p>In January, then-acting head Mark Uyeda appointed Hester Peirce as the head of the SEC&#8217;s<a href=\"https:\/\/forklog.com\/en\/news\/hester-peirce-to-lead-secs-cryptocurrency-task-force\"> &#8220;crypto group.&#8221;<\/a> Under her leadership, the agency conducted a<a href=\"https:\/\/forklog.com\/en\/news\/sec-hosts-second-roundtable-on-cryptocurrency-regulation\"> series of roundtables<\/a> with industry representatives.<\/p>\n<p>Since the beginning of the year, the SEC has halted investigations against <a href=\"https:\/\/forklog.com\/en\/news\/sec-and-binance-seek-further-delay-in-legal-proceedings\">Binance<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/sec-concludes-investigation-with-coinbase\"> Coinbase<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/sec-drops-investigation-into-robinhoods-crypto-division\">Robinhood<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/sec-withdraws-claims-against-ripple\">Ripple<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/sec-withdraws-lawsuits-against-kraken-consensys-and-cumberland\">Kraken, ConsenSys, Cumberland<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/sec-drops-case-against-helium-network-developer\">Nova Labs<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/sec-concludes-investigation-into-uniswap-labs\">Uniswap<\/a>, and<a href=\"https:\/\/forklog.com\/en\/news\/sec-drops-investigation-into-paypals-stablecoin\"> PayPal<\/a>.<\/p>\n<p>Earlier, the Commission&#8217;s corporate finance division<a href=\"https:\/\/forklog.com\/en\/news\/sec-clarifies-legal-status-of-stablecoins\"> outlined<\/a> the characteristics of stablecoins not classified as securities. Later, the department<a href=\"https:\/\/forklog.com\/en\/news\/sec-clarifies-staking-regulations\"> clarified<\/a> that staking under certain conditions does not violate the law.<\/p>\n<p>Previously, the SEC<a href=\"https:\/\/forklog.com\/en\/news\/sec-clarifies-pow-mining-not-linked-to-securities\"> ruled out<\/a> any connection between mining using the Proof-of-Work consensus algorithm and investment contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oversight of digital asset industry participants &#8220;will be conducted through notifications and comments, rather than enforcement regulation,&#8221; stated SEC Chairman SEC Paul Atkins during Senate hearings. The official assured members of the financial services subcommittee that the agency will refrain from establishing its rules through the courts. &#8220;The Commission will use existing authorities to set [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1814,36,128],"class_list":["post-24501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-paul-atkins","tag-regulation","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24501"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24500"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}