Paul Atkins expressed support for shifting encryption regulation and criticized previous policies for hindering innovation.

Paul Atkins, the new chairman of the SEC, made his first public appearance on the fourth day of his tenure at a cryptocurrency roundtable meeting, stating that he will work with Congress and the Trump administration to promote the establishment of a “reasonable and targeted” digital asset regulatory framework, believing that digital assets can bring significant benefits such as risk mitigation and cost drop. He criticized the previous administration’s regulatory policies under the Biden administration for hindering innovation, emphasizing that regulatory uncertainty has been a barrier to market development over the past few years. (TheBlock)