SEC Chair Proposes New Regulatory Framework for On-Chain Markets
SEC Chair Atkins has called for a reevaluation of securities regulations to accommodate blockchain-based trading systems. Speaking at the Special Competitive Studies Project AI+ Expo, Atkins argued that current rules—designed for traditional intermediaries—fail to address the complexities of decentralized finance.
The remarks signal a potential shift from the Gensler-era enforcement approach. Atkins specifically highlighted the need to redefine terms like 'exchange' and 'broker' for on-chain environments through formal rulemaking processes.
Crypto vaults and DeFi protocols were identified as priority areas for regulatory clarity. The chair suggested using exemptive authority selectively while engaging industry stakeholders—a departure from the SEC's previous combative stance.
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