US SEC nominee chair: Will establish clearer and more feasible regulations for the encryption industry, digital assets are the top priority this year.

On March 28, CEX Chief Legal Officer Paul Grewal stated, "I attended the Senate Banking Committee hearing on the nomination of Paul Atkins as Chairman of the SEC. Here are some highlights from today: · Mr. Atkins confirmed his commitment to creating a transparent SEC that incorporates industry and consumer input. This is truly a refreshing change compared to the past. · Mr. Atkins emphasized that digital assets are the top priority this year. Establishing viable rules and regulatory clarity for Crypto Assets will unleash innovation domestically in the U.S., open new markets for investors, benefit American consumers, and enhance the U.S.'s position as a global leader in technology and finance. · Mr. Atkins discussed the issue of 'de-banking' with Comptroller nominee Jonathan Gould and pledged to put an end to this undemocratic practice. As Mr. Atkins said, it is time for the SEC to 'get back to basics.' He will bring a breath of fresh air to this critical regulatory and rule-making agency, and I look forward to his formal confirmation by the committee and the full Senate soon."