US Securities and Alternate Fee (SEC) Paul Atkins appeared earlier than lawmakers in certainly one of his first hearings since turning into chair of the monetary regulator, addressing questions on his plans for the cryptocurrency business.
In a Could 20 listening to discussing oversight of the SEC, Atkins reiterated his pledge to make regulating digital belongings a “key precedence” whereas chair. In response to questions from North Carolina Consultant Chuck Edwards, the SEC chair didn’t immediately reply how a lot of the regulator’s funds had been used to help the crypto job drive headed by Commissioner Hester Peirce, and mentioned its findings had been “nonetheless beneath improvement.”
“We ought to be having one thing right here within the subsequent few months with proposed steps ahead,” mentioned Atkins in response to the duty drive’s first report.
The SEC chair’s look on the oversight listening to was certainly one of his first since being sworn into workplace in April. Nominated by Donald Trump, Atkins, additionally a former commissioner, was seen by many lawmakers and people within the digital asset business as somebody who may seriously change the SEC’s strategy to crypto.
It is a creating story, and additional info will probably be added because it turns into out there.
