On May 20, according to the official website, the Securities Exchange Commission (SEC) released its chairperson Paul S. Atkins, who testified before the House Financial Services and Government General Appropriations Subcommittee on May 20. He said that he would prioritize the promotion of SEC's regulatory transparency and accountability mechanisms, especially in the field of digital assets, and stressed that the SEC should conduct a rigorous cost-benefit analysis when formulating rules to avoid the adverse impact of excessive regulation on market innovation.
Paul Atkins also noted that the SEC will strengthen its cooperation with Congress to develop a sound regulatory framework for the crypto asset market, ensure that its regulatory activities are in line with legislative intent, and take a prudent approach to digital asset regulation to avoid hindering technological progress. He stated that the SEC will continue to fulfill its mission of protecting investors and maintaining market integrity, while promoting the healthy development of financial marekt.
SEC Chairperson: Push for SEC Transparency and Accountability in Crypto Regulation
2025-05-20 14:13:51
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