SEC Chairman Paul Atkins spoke about Cryptocurrency during the Rising Market!

The Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, made important remarks about the role of the regulatory agency, the fight against insider trading (insider trading), and its approach to the rapidly growing cryptocurrency market.

Atkins noted that insider trading is an area that the SEC has long monitored, acknowledging a decrease in the number of high-profile cases that have attracted public attention in recent years. However, he also addressed concerns that regulations are not being adequately enforced, particularly in the cryptocurrency market.

Atkins, who said "Fraud is fraud," reminded that the fundamental mission of the SEC is to protect investors, support capital formation, and ensure the orderly and efficient functioning of the markets. He stated that they actively play a role in the cryptocurrency market in line with this mission.

In the program, it was stated that, using the example of "Sorkin Coin," which was briefly launched in the past, investor groups organized buying and selling through private communication channels and that this resembled the market manipulations of the 1920s. Atkins said that such activities are being closely monitored by the SEC.

Atkins also stated that companies' communication methods with investors have changed and that traditional platforms, as well as social media and podcasts, are now effective in disseminating information. Pointing out that this situation has brought up issues related to insider trading again, Atkins said that markets operate based on information and that fair access is important.

Atkins was also asked about regulations regarding stock trades by Congress members. While it was noted that the impact of the "STOCK Act" law passed by Congress a few years ago has been limited, Atkins stated that they have meticulously examined the thousands of tips received on this matter but would not be able to comment on specific cases.