TechFlow reports, on May 19, Paul Atkins, Chair of the U.S. Securities and Exchange Commission (SEC), stated at an SEC event that the commission will advance the drafting of rules related to crypto assets and support integrated custody mechanisms for both securities and non-securities assets. FinHub, previously responsible for crypto innovation initiatives, will be integrated into other business divisions to enhance efficiency and move away from an enforcement-focused approach. The SEC will return to its role of "supporting innovation."
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