The post SEC Chair Paul Atkins is focusing on supporting innovation in the cryptocurrency sector appeared on BitcoinEthereumNews.com. SEC Chair Paul Atkins stated that the agency is committed to fostering innovation in cryptocurrency as it sets new priorities for the industry. Speaking at DC Fintech Week, Atkins emphasized that the commission’s top priority is crypto and tokenization. He commented, “We want to make sure that we build a strong framework to actually attract people back into the United States who may have fled, but then also be able to build a framework that makes sense for the future, so that innovation can thrive.” He quipped that the agency might even be called the “Securities and Innovation Commission.” Atkins still wants to pursue an “innovation exemption” Since stepping into the role in April, Atkins has diverged sharply from Gary Gensler’s crypto policy, which centered on enforcement actions and the belief that most tokens fell under securities law. He’s become more open to showing support for digital assets. On Wednesday, he said that distributed ledger technology is what excites him most about cryptocurrency. Atkins had revealed in June that he had asked SEC staff to draft an “innovation exemption” to expedite the rollout of on-chain offerings, stating that he intends to finalize it before the end of the year. Speaking on Wednesday, he mentioned he wanted to roll out new solutions like the “innovation exemption” and eventually create a “super app” linking all crypto-related agencies. He argued that firms shouldn’t have to register separately with each regulator. Now in its second week, the government shutdown has largely sidelined the SEC. The agency is following an emergency operations plan after Congress failed to pass funding, leaving it with a very limited staff to handle urgent issues. Under its emergency plan, the SEC currently has just a handful of employees on duty to deal with critical situations, the agency said. The commission’s… The post SEC Chair Paul Atkins is focusing on supporting innovation in the cryptocurrency sector appeared on BitcoinEthereumNews.com. SEC Chair Paul Atkins stated that the agency is committed to fostering innovation in cryptocurrency as it sets new priorities for the industry. Speaking at DC Fintech Week, Atkins emphasized that the commission’s top priority is crypto and tokenization. He commented, “We want to make sure that we build a strong framework to actually attract people back into the United States who may have fled, but then also be able to build a framework that makes sense for the future, so that innovation can thrive.” He quipped that the agency might even be called the “Securities and Innovation Commission.” Atkins still wants to pursue an “innovation exemption” Since stepping into the role in April, Atkins has diverged sharply from Gary Gensler’s crypto policy, which centered on enforcement actions and the belief that most tokens fell under securities law. He’s become more open to showing support for digital assets. On Wednesday, he said that distributed ledger technology is what excites him most about cryptocurrency. Atkins had revealed in June that he had asked SEC staff to draft an “innovation exemption” to expedite the rollout of on-chain offerings, stating that he intends to finalize it before the end of the year. Speaking on Wednesday, he mentioned he wanted to roll out new solutions like the “innovation exemption” and eventually create a “super app” linking all crypto-related agencies. He argued that firms shouldn’t have to register separately with each regulator. Now in its second week, the government shutdown has largely sidelined the SEC. The agency is following an emergency operations plan after Congress failed to pass funding, leaving it with a very limited staff to handle urgent issues. Under its emergency plan, the SEC currently has just a handful of employees on duty to deal with critical situations, the agency said. The commission’s…