US SEC Chairman Paul Atkins: Will Strengthen Cost-Benefit Analysis to Develop a Reasonable Regulatory Framework for the Crypto Asset Market

The U.S. Securities and Exchange Commission (SEC) released a statement from its Chairman Paul S. Atkins, who testified before the House Financial Services and General Government Appropriations Subcommittee on May 20, 2025. He stated that the SEC will prioritize enhancing regulatory transparency and accountability, particularly in the digital asset sector. He emphasized that the SEC should conduct rigorous cost-benefit analyses when formulating rules to avoid excessive regulation that could negatively impact market innovation. Paul Atkins also noted that the SEC will strengthen cooperation with Congress to develop a reasonable regulatory framework for the crypto asset market, ensuring that its regulatory activities align with legislative intent. He stressed a cautious approach to digital asset regulation to avoid hindering technological progress. He stated that the SEC will continue to fulfill its mission of protecting investors and maintaining market integrity while promoting the healthy development of financial markets. (SEC.gov)