TechFlow reported on May 20, according to Cointelegraph, that Paul Atkins, the newly appointed chairman of the U.S. Securities and Exchange Commission (SEC), stated in a speech on May 19 that it is a "new era" for the cryptocurrency industry. Atkins noted that "the crypto market has been stuck in regulatory ambiguity at the SEC for years," and emphasized that under his leadership, the SEC will return to its fundamental mission of "fostering rather than stifling innovation." He has directed policy divisions within the commission to begin drafting rule proposals related to cryptocurrencies, while continuing to "remove barriers" through staff-level statements.
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