Senator Elizabeth Warren is concerned that political intervention leads the recent encryption decisions in SEC. Paul Atkins, the newly appointed president, promised to give priority to clear and transparent regulatory frameworks for the encryption industry.
His pledge is a major shift in the direction of the next agency years of controversy.
Paul Atkins draws a new cyc
During a round table on April 25 organized by the SEC Coding Business, Atkins emphasized the urgent need for transparent rules to support responsible innovation and growth.
“This is an important work as entrepreneurs all over the United States is to harness Blockchain technology to update the aspects of our financial system. I expect to embrace this technology from this technology deserve clear regulatory rules of the road,” Atkins, and risk alleviation. I mentioned.
Meanwhile, Atkins has publicly criticized the previous SEC leadership during the era of former President Gary Ginsner. He stated that the lack of clear policy stifled the development of the industry and pushed the main players to the edge.
During the Jinsler era, SEC followed an aggressive enforcement strategy, and to file lawsuits against major players including Coinbase, Ripple and Binance.
Now, Atkins pledged to correct past mistakes. Commit to work closely with Congress and President Donald Trump to create an organizational structure that suits the unique characteristics of digital assets.
The early signs of this transformation are already clear, as SEC has begun to reject many enforcement measures that started during the previous administration. The committee also established a coding work team to cooperate with stakeholders in the industry on forming future policy.
The American legislator raises the warnings of the potential political intervention
While Atkins seeks to reset SEC’s approach to overseeing encryption, concerns are escalating on the agency’s independence.
On April 25, Senator Elizabeth Warren seriously interrogated the agency’s independence under President Trump’s leadership. She referred to the efforts of Trump Media & Technology Group (TMTG) to launch traded investment funds supported by crypto.com as a potential conflict of interests.
Senator expressed his concern that Trump can personally benefit from the products that require the SEC approval, describing the situation as an unprecedented moral danger.
“The president has tried to confirm his dominance in making decisions in independent agencies such as SEC through executive orders and releases, which increases pressure on the committee in the line,” the legislator. I mentioned.
Warren also reported the risks associated with World Liberty Financial, a encryption project linked to the Trump family, which recently revealed plans for new stability.
She emphasized that suspended legislation may grant federal reserves and the currency observer office soon the supervision authorities. According to Trump, Trump seeks more control over these two clients.
Looking at these risks, Warren requested detailed records from the Supreme Education Council, including internal assessments and communications with the White House.
She emphasized that these measures are necessary to protect decisions and maintain the credibility of the financial markets.
Disintegration
In adherence to the confidence project guidance, beincrypto is committed to unprepared and transparent reporting. This news article aims to provide accurate information in time. However, readers are advised to independently verify facts and consult with a professional before making any decisions based on this content. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
