SEC Policy Shift: New Chairman Promotes Encryption-Friendly Regulation, Withdraws Enforcement Actions and Supports ETF Innovation

[Coin World] After taking office, the new chairman of the SEC, Paul S. Atkins, promotes regulatory transformation, advocating for “common-sense regulation” and “support for innovation.” Recently, the SEC has withdrawn multiple enforcement cases related to encryption, clearly stating that it does not consider meme coins, PoW tokens, etc., as securities, and has approved Bitcoin and Ethereum Spot ETFs. Atkins supports the establishment of clear rules for the issuance, custody, and trading of crypto assets, encourages DeFi innovation, and adopts a lenient attitude towards miners, nodes, and staking services. Future policy directions include accelerating the approval of crypto ETFs, clarifying the standards for identifying securities, and promoting legislation to clarify regulatory vesting. This series of policy adjustments has boosted market sentiment, but there remains uncertainty regarding the pace of policy implementation and external factors.

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