The president of the United States Stock Exchange and Securities Commission (SEC), Paul S. Atkins, supported the report presented on Wednesday by the Donald Trump’s government work group, which raises recommendations to empower the economy with digital assets.
In a public statement shared on the website of the agency, Atkins said that “the report is the result of months of deep collaboration between agencies and perspectives.” “Together, we have developed a plan to achieve President Trump’s vision to make the United States the world capital of cryptocurrencies,” he added.
The president of the SEC assured that this approach coincides with his own position: “In essence, the PWG report [grupo de trabajo presidencial de activos digitales] It reflects a conviction that I have maintained for a long time: a rational regulatory framework for digital assets is the best way to catalyze US innovation, protect fraud investors and maintain our capital markets such as envy of the world. ”
“The objectives we have outlined are ambitious and essential to meet the possibilities of this moment. We must release the transformative potential from digital asset technology, safeguard our financial stability and protect investors.”
Paul S. Atkins, president of the United States Stock Exchange and Securities Commission.
In this sense, Atkins took advantage of his intervention to criticize the past management of the SEC in cryptocurrency. “Unfortunately, my predecessor and the previous administration did not share that vision. Thank God, President Trump does it and is leading it,” he said.
In his opinion, the report reaffirms the central role of the SD in the elaboration of the new federal frameworknot only through its current powers, but also in the implementation of laws that Congress can approve:
“The SEC will continue to play a key role in the development of a federal framework through the use of its existing authorities to establish new rules and regulations, and to implement any new legislation prepared by Congress.”
Atkins added that he will work closely with Commissioner Hester Peirce and the members of his body. He also thanked the call for the report for a greater collaboration between the SEC and the CFTC, as well as with other federal agencies, to ensure that their focus is unified, clear and consistent.
He argued that he will continue to prioritize the development of regulations prepared for the future that foster innovation and mitigate the risks, as the report made by the presidential group intends, which, as Cryptonotics reported focused on it, rather than the parameters to create a Bitcoin National Reserve as anxious the community.
“Today another important milestone is marked”
To close your statement, Atkins celebrated Trump’s support for the sector and sentenced that the United States must go beyond adapting to technological evolution.
«Today another important milestone is marked in the unlocking of American innovation by providing the cryptocurrency market clear rules of the road. I support the recommendations of the PWG and applaud to President Trump for his leadership while we ensure that the United States is the best and safer place in the world to invest and do business ».
Paul S. Atkins, president of the United States Stock Exchange and Securities Commission.
The SEC’s head culminated recalling that Trump said last week that he wants “the entire world to work with the backbone of American technology.” In that line, he stressed that The United States must do more than following the rhythm of the cryptactive revolution: “We must lead her,” he emphasized clarifying that he is ready to help do the job.
