SEC Chair Slams Agency’s Previous ‘Head-In-The-Sand’ Crypto Regulation
BitcoinistTuesday, May 20, 2025 at 5:30:07 AM
** The new SEC Chair, Paul Atkins, isn’t mincing words about how the agency previously handled crypto regulation—calling it a "head-in-the-sand" approach. In a speech aimed at rebuilding trust with the crypto industry, he slammed the old tactic of "regulation by enforcement" and promised a more collaborative, forward-thinking framework. This signals a potential shift from adversarial oversight to something more pragmatic.
What This Means: ** Crypto firms and investors have long griped about the SEC’s heavy-handed, unpredictable enforcement actions. If Atkins follows through, it could mean clearer rules and fewer legal surprises—a big deal for an industry craving stability. But skepticism remains until concrete changes happen. Essentially, it’s a "wait and see" moment with a hint of optimism.
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