U.S. SEC Nominee Chair: The primary task upon taking office is to collaborate with colleagues and Congress to provide a solid regulatory foundation for digital assets

ChainCatcher news, encrypted journalist Eleanor Terrett stated on social media that SEC nominee chair Paul Atkins indicated he would abandon the previous administration's harsh enforcement approach: "Industry experience and a focused application are needed to ensure that customers and investors benefit from efficient, effective, and well-designed regulation. Our mission at the SEC should be to promote these efforts and use our enforcement powers when necessary to correct and remedy misconduct."

Regarding digital assets: "My top priority as chair is to work with my fellow commissioners and Congress to provide a solid regulatory foundation for digital assets through a reasonable, coherent, and principled approach."