SEC chair pledges no ‘lax enforcement’ on crypto under market structure

The SEC chair, Paul Atkins, has committed to strict enforcement of regulations regarding cryptocurrencies as the US Congress advances a market structure bill. This legislation aims to clarify the roles of the SEC and the CFTC in overseeing digital assets, ensuring that there will be no leniency in enforcement. This development is significant as it reflects a growing regulatory framework for the cryptocurrency market, which has faced scrutiny and calls for clearer governance. The pledge from the SEC chair indicates a proactive approach to maintaining market integrity and protecting investors in the evolving digital asset landscape.