New SEC chair intends to write rules for crypto

[BumRushDaShow]

Source: Axios

5 hours ago


The new head of the U.S. securities regulator plans to modernize SEC rules and forms to better accommodate the registration of new crypto assets.

Why it matters: The digital asset industry has long sought a way to issue assets within U.S. regulations.

Driving the news: "I believe the commission has broad discretion under the Securities Acts to accommodate the crypto industry, and I intend to get that done," Securities and Exchange Commission chair Paul Atkins said in the keynote of an agency roundtable Monday.

He called it the key priority for his tenure to develop a "rational regulatory framework" for crypto asset markets that establishes clear rules for the three areas of issuance, custody, and trading.

Between the lines: Issuance includes establishing a way for entities to raise money for digital-asset products. Custody and trading are part of the industry process to move blockchain assets around in a regulatorily approved way.

Read more: https://www.axios.com/2025/05/12/sec-crypto-paul-atkins-rules

[Ford_Prefect]

1. The more we legitimize crypto the worse the results will actually be. As it is they do not pay for the electricity

infrastructure and generating costs they are placing on communities and states. Which is to ignore the additional pressure such generation places on the planet.

Burn baby Burn just took on a whole new meaning.

[TygrBright]

2. I will be fascinated to see the new rules for imaginary money. n/t

[bucolic_frolic]

3. The deregulation guys are writing new regulations

by themselves.

[Norrrm]

4. The big money return in crypto is:::

The big money return in crypto is:::
1. Starting it, hyping it, selling it, and getting out, leaving the
suckers holding the bag.
2. Handling/storing it for others.
...a. Not your own money/crypto. Someone else's money/crypto.
...b. Lots of fraud/money manipulation/theft/lack of regulation.
3. Backed by trust/faith/great promises/optimism... but no
real assets.
4. It can literally disappear and good luck with lawsuits.
------------------
-------------------------------------------
A few have profited by 'investing' but not the majority.

Bitcoin is one of the very, very few that has made profit.
And that is only because people WANT to believe in it.
Even bitcoin has no real assets backing it.

BC is used as a fantastic example of crypto but it is a lucky outlier.

Hundreds of others have flopped.

[slightlv]

5. And thus ends the power of the dollar and even more of our credibility globally. n/t