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Coin Telegraph
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Atkins becomes next SEC chair: What’s next for the crypto industry
- Paul Atkins has been confirmed as the chair of the US Securities and Exchange Commission, receiving approval after months of waiting.
- He aims to provide guidance for the crypto industry and has a background in finance with significant experience in regulatory matters.
- Atkins plans to establish a solid regulatory foundation for digital assets with a coherent approach.
- His confirmation has been met with optimism from the crypto industry, hoping for clearer regulations.
- Recent dismissals of court cases by the SEC under Mark Uyeda suggest potential future directions in crypto regulation.
- The SEC's actions indicate a shift away from treating certain crypto assets as securities.
- However, the SEC's workforce has faced reductions, which could impact the agency's capabilities in regulating digital assets.
- The industry eagerly anticipates guidance on stablecoins, market structure clarity, and regulatory certainty under Atkins' leadership.
- Atkins' nomination signals a potential shift in SEC focus towards fostering innovation and investment in the digital asset space.
- Overall, Atkins' appointment signifies a crucial moment for the SEC and the crypto industry as new regulatory frameworks are anticipated.
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