Atkins said SEC more crypto regulatory proposals will be introduced
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AT A GLANCE
Atkins said that SEC regulatory proposals concerning crypto-asset custody, issuance frameworks and innovation exemptions are being advanced.
Article
【Atkins: More SEC crypto regulatory proposals are on the way】
Atkins said that the custody provisions of the current Investment Advisers Act and Investment Company Act predate the internet, and that custody capabilities often lag by several months after new assets are launched.SEC The proposed custody rules are intended to fill this gap. Atkins also reviewed this administration's SEC crypto regulatory initiatives, including ending “regulation by enforcement,” arrangements related to tokenized securities,Regulation Crypto Assets a proposed issuance framework and an “innovation exemption,” saying that more regulatory proposals are on the way.
Key points
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Atkins said that the custody provisions of the current Investment Advisers Act and Investment Company Act predate the internet.
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Atkins said that after new assets are launched, custody capabilities often lag by several months.
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Atkins said that SEC the proposed custody rules are intended to fill this gap.
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The administration's crypto regulatory initiatives mentioned by Atkins SEC include ending “regulation by enforcement,” arrangements related to tokenized securities,Regulation Crypto Assets a proposed issuance framework and an “innovation exemption.”
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Atkins said that more regulatory proposals are on the way.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The core of this content is that Atkins believes the existing custody provisions are difficult to adapt to new assets and therefore SEC is proposing custody and other crypto regulatory arrangements. However, the original text only outlines the direction and does not provide the full proposal text or specific rules.
Why it matters to readers
These statements concern how crypto assets may be held in custody and issued, as well as arrangements for tokenized securities, and may provide the market with clues about the SEC regulatory direction. The specific impact will still depend on the content of the formal proposals.
Beginners can understand “custody” as who holds an asset and under what rules it is held; “innovation exemption” is an arrangement mentioned in the original text but not explained in detail. For now, it is more appropriate to follow subsequent formal texts rather than conclude from this that the rules have already taken effect.
Risks and unknowns
The original text does not provide the time, occasion or complete record of Atkins's remarks.
The original text does not include SEC formal documents, so the specific terms of the proposals cannot be verified.
“More regulatory proposals are on the way” does not specify their number, content or release date.
The original text does not state whether the arrangements mentioned above have taken effect.
Atkins's specific position is not stated in the original text.
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Related concepts
Custody
This term is not in the glossary yet. Browse related concepts in the glossary.
