TechFlow News, February 28: According to The Block, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins criticized the cryptocurrency regulatory strategy pursued during his predecessor Gary Gensler’s tenure in a fireside chat at the University of Texas, calling it “a major missed opportunity for the United States.” Atkins stated that the SEC is rapidly making up for lost time and has shifted toward a more industry-friendly stance.
He expressed particular optimism about the application prospects of distributed ledger technology in payment clearing and settlement systems, citing the SEC’s recent approval of WisdomTree’s 24/7 trading and instant settlement digital fund—the first such approval in the United States. The SEC has also established a cryptocurrency task force and launched the “Crypto Project” to modernize its regulatory rules.
