Last year, cryptocurrencies reacted with skepticism whenever the SEC chairman was mentioned. However, this sentiment shifted with the advent of Trump’s administration. A figure open to cryptocurrencies, Paul Atkins, took over leadership as the head of the securities regulator. The new chairman has hinted at more significant actions to come through ongoing statements.
SEC’s Cryptocurrency Statements
Dubbed the ‘mother of crypto,’ Hester Peirce had already started taking necessary steps with the SEC earlier this year. With Trump’s presidency facilitating Paul’s official appointment, supportive measures for crypto were initiated without waiting for Senate approval. Paul, who has been in his position for months, continues to advance these preparations and necessary steps.
The new SEC Chairman made the opening speech at the OECD’s first Global Financial Markets Roundtable Meeting. Trump’s presidency was expected to strengthen cryptocurrencies globally, and indeed, U.S. crypto-friendly regulations contribute to more constructive global rules. Atkins stated that they would also allow innovative initiatives, known as the Super Trade Application, which especially includes crypto-based platforms.
“We need to provide certainty about the security status of crypto assets. Most crypto tokens are not securities, and we will draw a clear line on this matter. Entrepreneurs should be able to raise capital without endless legal uncertainties regarding crypto.
Just as blockchain is reshaping the buying, selling, and trading of assets, AI is unlocking new avenues for agency financing. In this system, autonomous AI agents conduct trades at speeds unattainable by humans, allocate capital, and manage risks. Moreover, compliance with securities laws is embedded within the system’s code.”
