SEC Chairman: Supporting the Development Path of Innovation for Cryptocurrency and Token Regulation

ChainCatcher news, according to The Block, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins hopes that as the SEC prioritizes the cryptocurrency industry and explores regulatory pathways, innovation in the sector can thrive.

At the Fintech Week in Washington, D.C. on Wednesday, he reiterated that cryptocurrency and tokenization are the SEC's "top priorities," stating the need to build a solid framework to attract talent back to the U.S., while also creating a reasonable framework to promote innovative development. He half-jokingly referred to the SEC as the "Securities and Innovation Commission." Atkins also mentioned plans to introduce innovation exemptions, aiming to create "super applications" that involve multiple regulatory agencies focused on cryptocurrency. He questioned why companies should register with multiple agencies if everyone has the same goal. Currently, the government shutdown has entered its second week, causing SEC operations to come to a standstill. Earlier this month, Congress failed to reach a funding agreement, leading to employees being furloughed and significant restrictions on federal agency actions.