Odaily Planet Daily reports that U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that the SEC is re-accelerating its efforts to advance cryptocurrency regulation to make up for previous shortcomings in policy development. He pointed out at an event at the University of Texas that regulators had failed to keep pace with industry innovation trends in the past.
Atkins said that since Donald Trump’s administration took office, the SEC’s stance has become more open, establishing a crypto working group, withdrawing multiple enforcement cases, and launching the “Project Crypto” initiative to update the regulatory framework. He emphasized that, compared to short-term price fluctuations, more attention is being paid to the application prospects of distributed ledger technology in payments, clearing, and settlement systems.
Additionally, the SEC approved WisdomTree’s digital currency market fund to enable 24/7 trading and real-time settlement this week. Atkins also revealed that future plans include exploring the launch of tokenized bank deposit products. (The Block)
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