Paul Atkins, Chairman of the U.S. SEC: Over the past year, we have advanced a modernized regulatory framework and clarified the jurisdictional boundaries between the SEC and the CFTC.

U.S. SEC Chairman Paul Atkins stated that, one year into his tenure, the SEC has proposed a strategy to modernize its regulatory framework, clarify jurisdictional boundaries, and reform regulatory rules. This includes laying the groundwork for “making America the global center of cryptocurrency,” safeguarding market integrity and protecting U.S. investors, and advancing the modernization of capital markets regulation. It also aims to resolve the long-standing jurisdictional dispute between the SEC and the CFTC and expand Project Crypto. Atkins added that the SEC is pushing forward reforms to IPO rules—returning to the “materiality” principle—and ending the practice of “enforcement-as-regulation.”