PANews reported on May 19 that the official website of the U.S. Securities and Exchange Commission (SEC) published the speech of Chairman Paul Atkins at the SEC Speaks conference. Atkins said that previously, the SEC had a negative attitude towards cryptocurrency regulation, first adopting an "ostrich policy" and then switching to law enforcement first and accountability later, without building trust. Atkins believes that regulators should actively interact with the market and adjust rules to adapt to new technologies. Although the SEC has expressed its willingness to communicate with potential registrants, it has not adjusted its regulatory requirements, and the leadership has long prevented staff from communicating complex legal issues with market participants. Now, Atkins has instructed the company's finance department to interact transparently with the public.

Meanwhile, the SEC's various policy departments are drafting cryptocurrency-related rule proposals, but staff are still "clearing obstacles" through staff-level statements, such as the Trading and Markets Division issuing FAQs. While staff opinions are not rules or regulations of the Commission, they can provide useful insights to the public. Atkins also hopes that the Commission will allow SEC registrants to custody and trade securities and non-securities under the same roof. In addition, Congress has been asked to approve the re-programming of funds to integrate the functions of the agency's Strategic Innovation and Financial Technology Center (FinHub) into other parts of the agency. Because it is seen as an enforcement tool, and its small size and inefficiency, its principles and priorities will be integrated into the core of the SEC, allowing innovation to be integrated into the entire SEC culture.