Remarks at the Crypto Task Force Roundtable
· Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission (United States)
Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, growth, investment and productivity
PS · Paul S. Atkins · U.S. Securities and Exchange Commission WikiRemarks at the Crypto Task Force RoundtableContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.
Why it mattersThe SEC chair signals a new custody and broker-dealer framework for crypto assets.
Problems raised- Regulatory uncertainty has held back crypto innovation.
- Firms struggle to custody crypto assets within the rules.
- The special broker-dealer regime may not be workable.
Solutions proposed- Build a fit-for-purpose framework for crypto assets.
- Review custody rules under the main securities laws.
- Consider a new crypto broker-dealer framework.
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