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Bitcoinist

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Crypto Gets A New Watchdog Map: SEC Chief Atkins Lays Down The Law

  • SEC Chief Paul Atkins emphasized the need for regulatory change to accommodate the shift of stocks and bonds onto crypto and blockchains, enabling new ways of trading and ownership.
  • Atkins highlighted the importance of creating clear paths for token offerings by revising issuance guidelines, proposing new exemptions or safe harbors, and simplifying disclosure requirements.
  • The SEC is reevaluating custody rules to determine who can act as a 'qualified custodian' and exploring the potential for broker-dealers to host non-security token listings alongside traditional shares.
  • Atkins introduced a Crypto Task Force to facilitate coordination within the SEC, focusing on issuance, custody, and trading regulations to protect investors and promote innovation in the crypto space.

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