SEC Chair Paul Atkins plans to reshape crypto regulation with clear rules for asset issuance, custody, and trading, criticizing past enforcement tactics.
Atkins highlighted the need for rational regulatory frameworks suited for blockchain technology to provide clarity to companies issuing crypto assets.
Atkins focused on reforming crypto custody rules, suggesting support for self-custody for stronger security and modernizing trading rules for platforms.
Commissioner Crenshaw urged caution on tokenization, emphasizing the importance of innovation being useful and not just driven by market hype, while Commissioner Uyeda spoke on the market efficiency potential of tokenization.