05.12.25

SEC Chair Intends To Write Rules for Crypto

by: Brady Dale; Pete Gannon

Securities and Exchange Commission (SEC) Chair Paul Atkins signaled that he plans to modernize SEC rules and forms to better accommodate the registration of new crypto assets. "I believe the commission has broad discretion under the Securities Acts to accommodate the crypto industry, and I intend to get that done," Atkins said in the keynote of an agency roundtable May 11. He said advisors and funds should be able to engage in self custody under certain circumstances, suggesting that the existing framework for so-called special purpose broker-dealers should be amended.

Read the full article on Axios