ContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.
Why it mattersThe SEC chair takes his deregulation agenda to an international audience, criticising sustainability reporting mandates and promoting crypto initiatives.
Problems raised
Foreign and US firms should compete on a level playing field, yet some rules burden issuers.
Accounting standards risk being used for political or social aims.
Prescriptive sustainability laws raise costs that pass to investors and customers.
Solutions proposed
Reduce unnecessary reporting burdens on issuers.
Keep accounting standards focused on reliable financial reporting.
Support digital asset innovation through initiatives such as Project Crypto.
