SEC Greenlights Trump-Backed Digital Assets Group, Signaling Regulatory Shift

The Securities and Exchange Commission has approved the formation of the President's Digital Assets Group, marking a pivotal turn in U.S. crypto policy. Chair Paul Atkins announced the initiative during the Wyoming Blockchain Symposium, framing it as a departure from regulation by enforcement.

The group will prioritize implementing recommendations from Trump's Digital Asset Markets Working Group. Atkins emphasized flexible rulemaking to accommodate technological innovation while preventing market abuse, calling it a 'new day at the SEC.' The MOVE aligns with the administration's push for transparent digital asset policies.

Atkins praised the balanced approach between investor protection and innovation, highlighting collaboration with Congress and the WHITE House. The announcement comes as part of broader efforts to revitalize capital markets under the 'Project Crypto' initiative.