SEC Chair Slams Gensler for Stifling Crypto Growth
The post SEC Chair Slams Gensler for Stifling Crypto Growth appeared on BitcoinEthereumNews.com.
Atkins stated that Gensler’s muddled policies were stifling innovation in the cryptocurrency market. SEC aims to revise custody rules for blockchain technology. Washington, D.C. On April 25, 2025, newly appointed SEC Chairman Paul Atkins delivered a scathing assessment of the Gary Gensler Administration. Speaking at the SEC Crypto Task Force Roundtable, Atkins pointed to regulatory uncertainty as being a hurdle that has prevented innovation in the cryptocurrency space for the past few years. Atkins articulated the necessity of a defined framework. He said the absence of defined rules has slowed the progress of the crypto industry to a great extent. Chairman’s comments could mean that the SEC is evolving its attitude towards digital assets and is aiming to make the atmosphere more friendly for innovation. The roundtable discussed on a Friday how market participants can safely deal with crypto assets under current federal securities laws. Attendees were also thanked by Atkins for taking time and expertise to help tackle these urgent matters. A Call for Regulatory Clarity In his speech, Atkins also said that the policies of the SEC in the past created uncertainty. According to him, such ambiguity has hindered the growth of blockchain technology as well as digital assets. “The market has been held back by unclear regulations, which the SEC unfortunately promoted,” Atkins remarked, rephrasing his earlier statement to underline the impact on innovation. He said he would also work with industry stakeholders and Congress. Instead, he is looking to implement a practical regulatory environment for crypto assets. He also said that existing Exchange Act rules should be revised to recognize the unique attributes of blockchain technology. The comments come as the crypto industry is on the rise. As Reuters reports, Bitcoin’s recent spike to $100,000 in December 2024 necessitated that a positive regulatory framework be even…
Filed under: News - @ April 27, 2025 9:17 am