SEC Chair Paul S. Atkins pledges to create a clear crypto rulebook to replace a current enforcement-first approach.
Atkins acknowledges that regulatory uncertainty in the crypto sector has led to fraud and confusion, harming investors and legitimate innovators.
Atkins plans to shift the SEC's focus from reactive enforcement to proactive rulemaking, including defining tokens under securities laws, creating rules for exchanges, and promoting compliance through guidance.
Atkins aims to balance support for innovation in the digital asset space while cracking down on bad actors to ensure responsible growth.