Paul Atkins signaled a departure from the enforcement-first approach of the SEC during Gensler’s leadership, including preliminary notices ahead of enforcement actions.
The US Securities and Exchange Commission (SEC) chair continues driving the regulatory agency in a different direction from its previous enforcement-first attitude toward the crypto industry.
In an interview with the Financial Times published Monday, SEC Chair Paul Atkins said the agency is departing from the aggressive enforcement actions common during the administration of former President Joe Biden and former SEC Chair Gary Gensler.
Instead, US cryptocurrency businesses can now expect preliminary notices of any technical violations before the agency will “bash down their door,” Atkins told the FT.
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