Paul Atkins Reveals Plan to Rewrite Crypto Rules

Cryptos: 21,330
Exchanges: 1,863
Market Cap: $3.22T 2.42%
24h Vol: $211,198,849,922 7.44%
Dominance: BTC: 63.5% ETH: 9.2%
Gas: 1 GWEI

Connect

Crypto News Regulation

Paul Atkins Reveals Plan to Rewrite Crypto Rules, Public Gets a Say

Written by Aaron S.,

Editor-In-Chief

Last Updated: June 04, 2025

Key Takeaways

The SEC will stop using lawsuits to shape crypto policy and instead seek public input;
Clear rules on token trading, storage, and issuance will be a top focus under Paul Atkins;
The agency aims to support innovation while targeting fraud through better enforcement.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now ! 🔥

Paul Atkins Reveals Plan to Rewrite Crypto Rules, Public Gets a Say

BITDEGREE IN YOUR SOCIAL FEED

The US Securities and Exchange Commission (SEC) plans to set clearer rules for the crypto industry using a public comment process instead of relying on lawsuits to shape its approach.

SEC Chair Paul Atkins explained this shift during a Senate hearing on June 3, where he outlined how the agency will handle digital assets going forward.

Atkins said the SEC will use its existing powers to create rules that fit the crypto market and make sure those rules are open to public input.

What is Solana in Crypto? (Beginner-Friendly Animation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

He confirmed that enforcement will no longer be used as a first step in regulation. Instead, the agency will focus on building a proper framework and use enforcement mainly to address clear violations, such as fraud and market manipulation.

A key goal under Atkins is to give the crypto market more certainty by setting clear standards around how tokens are issued, stored, and traded. He stressed that these rules are important for protecting investors, especially when it comes to helping them avoid scams.

When asked by Senator Chris Coons whether crypto exchanges should be allowed to handle both digital assets and traditional securities, Atkins did not give a direct answer.

He said the SEC’s Crypto Task Force is working on policy ideas that aim to support new technology while keeping investor protection in place.

Recently, Atkins shared his views on how blockchain technology might create new ways to manage investments. What did he say? Read the full story.