Just as the market continued its relentless decline, unexpected news came from the US SEC—a public statement from Chairman Paul Atkins, declaring the need to "pave a compliant path" for blockchain innovation.
This statement carries significant weight. During the Investor Advisory Committee meeting, Atkins made it clear: "Want to drive innovation, attract investment, and increase employment in the US? Then the market players need a viable path to compliance, so they can harness the unique capabilities of these new technologies."
At the time of his remarks, Bitcoin was going through a rough couple of days. In early December, its price kept dropping, at one point breaking through the psychological barrier of $89,000. Crypto-related stocks slumped as well, and the whole market was shrouded in uncertainty.
But there seems to be a shift in regulatory attitude. This SEC meeting brought together both traditional financial heavyweights and crypto industry figures—executives from companies like Citadel Securities, Coinbase, and Galaxy were all present. The discussion centered around tokenization regulation, with fierce debates and clearly differing positions, creating a tense atmosphere.
The market is volatile, regulation is loosening, and a dialogue is underway between traditional forces and emerging players. Moments like this often signal that something is brewing. Whether Atkins’ comments will actually lead to substantive policy changes is the question everyone is watching closely right now.
After all, once the path to compliance opens up, the landscape could change entirely.
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ApyWhisperer
· 12-06 10:50
It's the same old "hinting" routine. To put it nicely, they're paving the way for compliance; to put it bluntly, they haven't really taken action yet. Let's wait and see if Atkins is serious this time or just making empty statements again.
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SpeakWithHatOn
· 12-06 10:49
Making empty promises again? Let's talk when a compliant channel is actually launched.
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BearMarketSage
· 12-06 10:36
The path to compliance is just empty talk again. Let's wait until real policies are actually implemented.
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LiquidatedTwice
· 12-06 10:30
It's the same old regulatory routine. They say it's about paving the way, but in reality, they're just waiting for the market to drop a bit more before taking action.
Just as the market continued its relentless decline, unexpected news came from the US SEC—a public statement from Chairman Paul Atkins, declaring the need to "pave a compliant path" for blockchain innovation.
This statement carries significant weight. During the Investor Advisory Committee meeting, Atkins made it clear: "Want to drive innovation, attract investment, and increase employment in the US? Then the market players need a viable path to compliance, so they can harness the unique capabilities of these new technologies."
At the time of his remarks, Bitcoin was going through a rough couple of days. In early December, its price kept dropping, at one point breaking through the psychological barrier of $89,000. Crypto-related stocks slumped as well, and the whole market was shrouded in uncertainty.
But there seems to be a shift in regulatory attitude. This SEC meeting brought together both traditional financial heavyweights and crypto industry figures—executives from companies like Citadel Securities, Coinbase, and Galaxy were all present. The discussion centered around tokenization regulation, with fierce debates and clearly differing positions, creating a tense atmosphere.
The market is volatile, regulation is loosening, and a dialogue is underway between traditional forces and emerging players. Moments like this often signal that something is brewing. Whether Atkins’ comments will actually lead to substantive policy changes is the question everyone is watching closely right now.
After all, once the path to compliance opens up, the landscape could change entirely.