COINOTAG News, May 20th: In a recent testimony before the House Financial Services and General Government Appropriations Subcommittee, SEC Chairman Paul S. Atkins underscored the agency’s commitment to fostering regulatory transparency specifically within the digital asset landscape. Atkins highlighted the necessity for the SEC to execute thorough cost-benefit analyses prior to implementing new regulations, thereby minimizing the risk of stifling market innovation through overregulation. He further articulated the SEC’s intention to enhance collaboration with Congress to develop a pragmatic regulatory framework that ensures alignment with legislative objectives. This collaborative effort aims to adopt a prudent approach to regulating cryptocurrencies, ensuring that technological advancements are not obstructed. The SEC remains dedicated to safeguarding investors and upholding market integrity while simultaneously nurturing the robust growth of the financial sector.
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