Ranking Member Elizabeth Warren claims Atkins scaled back oversight, mentioning the SEC under his leadership was unlocking a golden age of fraud.
Atkins declined the claims, saying that “Fraud is fraud, whether it be in the crypto area or not.
An intense debate regarding the future of US crypto regulation started on Capitol Hill after senators fought over whether the SEC under the Trump administration is relieving enforcement while pushing for a new statutory framework to have clarity in digital asset markets.
The Chairman of the SEC, Paul S. Atkins, on February 12, defended a pivot away from what Republicans called “regulation by enforcement” under the last administration and towards a clearer statutory guardrail for virtual assets.
Tim Scott, the chairman of the Senate Banking Committee, revealed the digital asset revolution will happen here at home, claiming that Congress must set up transparent rules of the road for digital assets to safeguard investors
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