SEC Chair Paul Atkins criticized the previous administration's crackdown on crypto, labeling it as overreaching and innovation-stifling.
Atkins advocated for explicit congressional approval for staking regulations and emphasized the importance of self-custody as a fundamental American right.
He proposed a pro-innovation framework to shield crypto projects from premature enforcement, allowing experimentation without fear of regulatory interventions.
Atkins underscored the need for regulatory guidance instead of enforcement in areas like staking and self-custody to promote innovation in the crypto space.