Paul S. Atkins, president of the U.S. Securities and Exchange Securities Commission (SEC), supported a report presented by the Donald Trump government’s work group on Wednesday.
In an official statement shared on the Biology website, Atkins said the report was the result of months of deep collaboration between the institution and perspective. “Together, we have formulated a plan to achieve President Trump’s vision of making the United States the world’s capital cryptocurrency,” he added.
The SEC president ensured that this approach coincided with his own position“Essentially, the PWG Report (Digital Asset Presidents Group) reflects the convictions I have maintained for a long time. The reasonable regulatory framework of digital assets is the best way to promote US innovation, protect fraudulent investors, and maintain capital markets such as the global vy hope.”
“The purpose we outline is ambitious and essential to fulfill the possibilities of this moment. We need to release transformational possibilities from digital asset technology, protect financial stability and protect investors.”
Paul S. Atkins, Chairman of the U.S. Securities and Securities Commission.
In this sense, Atkins used his intervention to criticize the SEC’s past management of cryptocurrency. “Unfortunately, my predecessor and my previous administration did not share that vision,” he said.
In his opinion, the report Reaffirming the central role of SD in elaborating the new federal frameworknot only in the current authority, but also in the implementation of laws that can be approved by the Congress.
“The SEC will continue to play an important role in developing the federal framework to use existing authorities to establish new rules and regulations and implement new legislation created by Congress.”
Atkins added that he will work closely with Commissioner Hester Perth and members of his body. He also thanked the report’s call for greater cooperation between the SEC and CFTC, and greater cooperation between other federal agencies, to ensure that their focus is unified, clear and consistent.
He argued that, as intended by reports made by the Presidential Group, will continue to prioritize future-prepared regulations that promote innovation and mitigate risk.
“Another important milestone is marked today.”
To fill his statement, Atkins celebrated Trump’s support for the sector, saying the US must go beyond adapting to the evolution of technology.
“Today, another important milestone is marked as unlocking American innovation by providing clear rules for the cryptocurrency market on the road.”
Paul S. Atkins, Chairman of the U.S. Securities and Securities Commission.
The SEC head reminded Trump last week that he said “the whole world wants to work with the backbone of American technology.” On that line he emphasized it. The US must do more than follow the rhythm of the crypto revolution: “We have to lead her,” he emphasized that he made clear that he was ready to help him do the job.