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Senators press SEC chair on crypto rules, task force and stablecoin bill
Summary
Senators asked SEC Chairman Paul Atkins about the agency's plans for crypto regulation, including a task force report, rulemaking under the securities laws, and the role of forthcoming stablecoin legislation in providing statutory clarity.
Senators at a Senate Appropriations Subcommittee hearing pressed Paul Atkins, chairman of the Securities and Exchange Commission, on how the agency will regulate digital assets, whether it needs new statutory authority, and how pending legislation such as the Genius Act (stablecoin legislation) could shape policy.
Atkins said establishing clear "rules of the road" for crypto is a priority and described an effort to move policy-making to notice-and-comment rulemaking rather than enforcement-by-prosecution. "A key priority of my chairmanship will be to…
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