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SEC Chair Advocates for Unified Crypto Regulation, Declares Most Tokens Not Securities

In a significant shift, SEC Chair Paul Atkins has announced his support for a streamlined regulatory framework for “super-app” crypto platforms.

Atkins emphasized during a recent OECD event that the majority of crypto tokens do not qualify as securities under current definitions.

His proposal aims to foster innovation in platforms that allow users to trade, lend, stake, and manage digital assets all in one place.

The goal is to create a single regulatory environment, reducing compliance burdens and costs for entrepreneurs in the crypto industry.

Atkins highlighted the need for minimal yet effective regulatory measures to adequately protect investors without stifling market growth.

This perspective represents a stark departure from the previous SEC administration's stricter enforcement policies under Gary Gensler.

Under Atkins, the SEC plans to collaborate with other regulatory bodies to clarify the legal status of various crypto activities.

This regulatory pivot comes at a crucial time as Congress considers advancing a market structure bill aimed at shaping the future of crypto regulations.

SEC Commissioner Caroline A. Crenshaw has echoed the call for careful consideration, emphasizing the importance of comprehensive rule-making.

As Atkins pushes for regulatory clarity, the stage is set for a more inclusive and innovative environment for crypto market participants.