The US Securities and Exchange Commission is taking a new direction on crypto regulation promising a more transparent approach. Chair Paul Atkins announced the agency will develop rules through public input rather than lawsuits signaling a major departure from the past enforcement-heavy stance. The move aims to provide clearer guidance for crypto firms while promoting investor protection.

Atkins emphasized the need for a rational regulatory framework that allows innovation while discouraging bad actors. He stated the SEC will set clear standards for how digital assets are issued held and traded. The Crypto Task Force is currently drafting new regulations expected to be released in the coming months focusing on practical rules that support industry growth.

In another key change Atkins revealed plans to shut down FinHub the agency’s innovation arm. He said innovation should be integrated across the SEC not confined to a single office. Since former Chair Gensler’s departure the SEC has taken a friendlier tone dismissing several enforcement actions and offering clarity on crypto staking activities.

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