A « new day » for the crypto? On April 17, Paul Atkins replaced Gary Gensler at the head of the Securities and Exchange Commission (DRY). And it must be said that the new chairman of the US securities committee has already started To radically change from CAP on cryptocurrencies. In a recent speech, Paul Atkins notably said that the dry would « Promote innovation » in the sector, but above all be « More accommodating ».
- Paul Atkins replaced Gary Gensler at the head of the dry and has already started to change the regulator’s approach to cryptocurrencies, advocating a more « accommodating » attitude.
- The US Congress must still clarify the roles of the dry and the CFTC to end the confusion on the supervision of cryptocurrencies.
Paul Atkins’ dry wants to « adapt and accommodate » the crypto
In a speech pronounced this May 19, 2025, the new president of the DRY mentioned the changes that will be made by the American regulator concerning cryptocurrencies. Paul Atkins said it was a « New day » For our young asset class.
The manager of the Securities Commission explained that his institution was now going to be more open in « » adapting and adapting new developments »» from the Crypto sector.
“Cryptos markets have been languishing in the limbo of the dry for years. (…) While I start my mandate as president, I can tell you that we come back to our roots which consist in promoting, rather than stifling, innovation. »»
Paul Atkins, President of the SEC on the Crypto industry – Source: dry.gov
The US congress must still clarify the roles of the dry and the CFTC
If Paul Atkins already has ended several legal proceedings Against actors of the cryptosphere (like Ripple Labs, Coinbase or Paypal), however, there is much to do to set up A clear regulatory framework for the sector.
Indeed, even if a law is being examined at US Congressthe respective roles of dry and Commodity Futures Trading Commission (CFTC) are not yet clearly defined.
“I asked the commission staff in our political divisions to start writing proposals for rules relating to cryptos and we continue to release the ground (…). »»
Paul Atkins, President of the SEC on the Crypto industry – Source: dry.gov
If the US Congress manages to clarify the roles of the SEC and the CFTC, this should make it possible to put an end to the war of jurisdiction between these two regulators, who have been arguing for years to know who must supervise the cryptocurrencies. Things are progressing quickly in the United States, which is not necessarily The case on the other side of the Atlantic.