Incoming SEC Chairman: Will establish clearer and more feasible regulations for the crypto industry, digital assets are this year's top priority

On March 28, Paulgrewal posted that he attended the Senate Banking Committee hearing on the nomination of Paul Atkins as Chairman of the U.S. SEC. Here are some highlights from today:

· Mr. Atkins confirmed his commitment to building a transparently operating SEC that takes into account industry and consumer opinions. This is indeed a refreshing change compared to the past.

· Mr. Atkins emphasized that digital assets are this year's top priority. Establishing feasible rules for cryptocurrencies and regulatory clarity will unleash domestic innovation, open up new markets for investors, benefit American consumers, and enhance America's position as a global leader in technology and finance.

· Mr. Atkins discussed "debanking" issues with Office of Comptroller of Currency nominee Jonathan Gould, promising to put an end to this undemocratic practice once and for all. As Mr. Atkins said, it's time for the SEC to "get back to basics". He will bring a breath of fresh air to this key regulatory and rule-making body; I look forward to his formal confirmation by both committee members and full Senate soon.