Elizabeth Warren Raises Concerns Over SEC Independence Amid Crypto Regulatory Shifts
Senator Elizabeth Warren has voiced apprehension about the Securities and Exchange Commission’s autonomy as the agency undergoes a notable pivot in its approach to cryptocurrency regulation. The shift follows years of contentious policymaking under former Chairman Gary Gensler.
SEC Commissioner Paul Atkins outlined a new regulatory framework during an April 25 roundtable hosted by the agency’s crypto task force. "Market participants deserve transparent rules that foster innovation while mitigating risks," Atkins asserted, emphasizing blockchain’s potential to enhance financial system efficiency, transparency, and cost reduction.
The commissioner’s remarks included pointed criticism of prior SEC leadership, signaling a deliberate departure from previous enforcement-heavy tactics. This recalibration comes as blockchain entrepreneurs seek regulatory clarity to advance financial infrastructure modernization.