<ul><li>New SEC Chair Paul Atkins criticized previous enforcement-based regulation on cryptocurrencies, aiming for a more collaborative approach.</li><li>Atkins highlighted a lack of trust between the SEC and the crypto industry due to past 'head-in-the-sand' strategies.</li><li>Atkins plans to draft new digital asset rules, promote transparent interactions, and allow SEC registrants to custody both securities and non-securities.</li><li>Atkins emphasizes promoting innovation within regulatory frameworks and vows to enhance the market for investors under his leadership.</li></ul>

SEC Chair Slams Agency’s Previous ‘Head-In-The-Sand’ Crypto Regulation

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