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SEC Chair Paul Atkins Promises ‘New Day’ for Crypto at Wyoming Symposium

Key Takeaways

  • SEC Chair Paul Atkins said the agency will move away from enforcement and create clearer rules for digital assets;
  • Atkins argued that most tokens are not securities, with classification depending on packaging, promotion, and sales;
  • Through “Project Crypto,” the SEC aims to set its own framework for crypto while Congress debates broader legislation.​

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SEC Chair Paul Atkins Promises ‘New Day’ for Crypto at Wyoming Symposium

Paul Atkins, US Securities and Exchange Commission (SEC) Chair, has shared his views on how the agency plans to handle digital assets going forward at the Wyoming Blockchain Symposium in Jackson Hole.

He explained that the Commission will stop relying on enforcement as its main tool and will instead set clearer rules so companies know where they stand before problems arise.

He also told the audience that, in the SEC’s view, a token by itself usually does not qualify as a security.

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Atkins added:

There are very few, in my mind, tokens that are securities, but it depends on what’s the package around it and how that’s being sold.

Atkins called this shift "a new day" for the SEC. He said that the Commission would not return to "regulation by enforcement", which in the past often left crypto projects uncertain about compliance until after the fact. He said:

Now it’s different. Now we want to embrace innovation.

Atkins' remarks tie into the SEC’s "Project Crypto", an initiative designed to create a framework for digital assets. He said the agency will continue this work independently of Congress, which is still debating market-structure bills.

Recently, the SEC offered new guidance on how the agency views certain types of liquid staking. What did it say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
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Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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