New SEC Chairman's first roundtable meeting: expects "huge benefits" for cryptocurrency industry, criticizes predecessor Gensler's strict approach

On April 25, the fourth day since he took office, new SEC Chairman Paul Atkins made his first public remarks at the third Cryptocurrency Roundtable held in Washington DC, saying he expects "significant benefits" from the cryptocurrency industry. Atkins emphasized the potential benefits of cryptocurrencies, such as risk reduction and cost savings, and expressed his intention to work with the Trump administration and Congress to establish a "reasonable regulatory framework that is fit for purpose."

Atkins criticized the SEC's approach to cryptocurrency regulation under the previous Biden administration, saying, "Unfortunately, the past few years have seen market and regulatory uncertainty fostered by the SEC have led to a lack of innovation...