US Securities and Change Fee (SEC) Paul Atkins appeared earlier than lawmakers in one among his first hearings since changing into chair of the monetary regulator, addressing questions on his plans for the cryptocurrency trade.
In a Might 20 listening to discussing oversight of the SEC, Atkins reiterated his pledge to make regulating digital property a “key precedence” whereas chair. In response to questions from North Carolina Consultant Chuck Edwards, the SEC chair didn’t instantly reply how a lot of the regulator’s funds had been used to help the crypto process drive headed by Commissioner Hester Peirce, and stated its findings had been “nonetheless beneath improvement.”
“We needs to be having one thing right here within the subsequent few months with proposed steps ahead,” stated Atkins in response to the duty drive’s first report.
The SEC chair’s look on the oversight listening to was one among 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 trade as somebody who may transform the SEC’s method to crypto.
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