We need to have clarity and certainty in the system.”Faryar Shirzad, chief policy officer at Coinbase, said the confirmation was the “dawn of an era.”Source: Faryar ShirzadSEC actions under Uyeda point to further crypto priorities While no one has a crystal ball, recent analysis from Cointelegraph shows that the recent dismissals of court cases and enforcement actions may indicate the future direction of crypto regulation — or lack of regulation — by the SEC. Related: US gov’t actions give clue about upcoming crypto regulationThe dismissal of cases revolving around “the unregistered sale and offer of securities under the Securities Act of 1933 and acting unregistered as a broker, dealer, clearing agency and exchange” suggests that the SEC may not consider the assets involved as securities.
He appeared before the Senate on March 27 to explain his intended approach to securities regulation in the United States, as well as his views on digital assets. Atkins will replace acting chair Mark Uyeda as head of the agency, which began unwinding a number of court cases and enforcement action against cryptocurrency firms when President Donald Trump took office.
This included the Bennett Funding incident, a $1 billion Ponzi scheme by the leasing company in which 20,000 investors lost much of their investments. After leaving this role as commissioner, he founded and led Potomak Global Partners, a consultancy for banks and financial services firms. Ahead of his 52-44 confirmation vote — largely along party lines — Atkins faced a grilling from the Senate Committee on Banking, Housing and Urban Affairs.
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