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New SEC Chief Atkins Says Agency Doesn’t Have to Wait to Impose Crypto Policy

Published

3 недели ago

25 апреля, 2025

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Paul Atkins’ first public event as chairman of the U.S. Securities and Exchange Commission was a crypto roundtable on Friday, where the new agency chief devoted his inaugural speech to assuring the industry that he’ll continue to remake securities policy to favor digital assets innovation.

The agency and industry have been awaiting congressional action to establish crypto market-structure oversight that will likely set guardrails, and Atkins told an audience at the SEC’s Washington headquarters that the regulator will work toward delivering «a rational, fit-for-purpose framework» for crypto.

However, in answer to a question from CoinDesk after his speech, Atkins indicated that the agency may be able to act to some degree during this wait for new laws.

«It’s always good to have Congress’ input, and if there’s a statute to back up what we’re doing, I think that’s all the better,» Atkins said. «But we have ample room to maneuver under existing rules and laws.»

Atkins further suggested that he thinks the concept of special-purpose crypto broker dealers, a little-used registration most prominently represented by Prometheum, has been very successful and may need to be reconsidered, and he said the agency will look at whether custody rules need to be changed to «accommodate crypto assets and blockchain technology.»

Atkins previously appeared at a swearing-in ceremony earlier this week in the White House, where Trump said «he’s the perfect man to lead this agency» at a time when the digital assets sector needs regulatory clarity, and Atkins said a «top priority of my chairmanship will be to provide a firm regulatory foundation for digital assets.» But Friday’s event at the SEC’s headquarters represented his first full-fledged engagement with the public.

The crypto sector has high hopes for Atkins, though his stand-in for the past few months — Commissioner Mark Uyeda — already took a number of decisive actions to reverse the regulator’s earlier crypto reluctance under former Chair Gary Gensler. As interim chairman, Uyeda reversed or sidelined a number of crypto policy efforts pursued under Gensler and has abandoned most of the regulator’s prominent enforcement actions targeting the industry.

Until now, industry expectations for Atkins’ leadership were based on conjecture rooted in his experience advising and investing in digital assets firms, especially since his Senate confirmation hearing failed to explore his crypto views.

Atkins had served as an adviser to crypto entities such as the Digital Chamber and as a board member of tokenization firm Securitize, and his ties to Off the Chain Capital had previously linked him to its investment stakes in big crypto companies like Digital Currency Group (DCG) and Kraken.

Friday’s roundtable was the third in a series the agency has held on crypto matters, this time focused on custody in the industry. Crypto custody has been a particularly dicey topic at the agency, which under Gensler’s reign had sought to approve a policy demanding investment advisers put their clients’ digital assets only with certain qualified custodians. Gensler had argued that the rule was meant to exclude most of the existing crypto platforms as suitable custodians, but the effort was put on ice.

Atkins was asked by reporters on the event’s sidelines about President Trump’s own crypto interests and whether Trump’s memecoin, $TRUMP, will rob credibility from the White House on industry policy.

«I have no comment on any of that,» Atkins said.

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XRP Price Surges After V-Shaped Recovery, Targets $3.40

Published

13 минут ago

18 мая, 2025

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Global economic tensions and regulatory developments continue to influence XRP’s price action, with the digital asset showing remarkable resilience despite recent volatility.

After experiencing a significant dip to $2.307 on high volume, XRP has established an upward trajectory with a series of higher lows, suggesting continued momentum as it approaches resistance levels.

Technical indicators point to a potential bullish breakout, with multiple analysts highlighting critical support at $2.35-$2.40 that must hold for upward continuation.

Technical Analysis Highlights

Price experienced a 3.76% range ($2.307-$2.396) over 24 hours with a sharp sell-off at 16:00 dropping to $2.307 on high volume (77.9M).
Strong support emerged at $2.32 level with buyers stepping in during high-volume periods, particularly during the 13:00-14:00 recovery.
Asset established upward trajectory, forming higher lows from the bottom, with resistance around $2.39 tested during 07:00 session.
In the last hour, XRP climbed from $2.358 to $2.368, representing a 0.42% gain with notable volume spikes at 01:52 and 01:55.
Price surged past resistance at $2.36 to reach $2.366, later establishing new local highs at $2.369 during 02:03 session on substantial volume (539,987).
Currently maintaining strength above $2.368 support level with decreasing volatility suggesting potential continuation of upward trajectory.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References

«XRP price path to $3.40 remains intact — Here is why«, Cointelegraph, published May 16, 2025.
«XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds«, Bitcoin.com News, published May 17, 2025.
«XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing«, NewsBTC, published May 17, 2025.

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SUI Surges After Finding Strong Support at $3.75 Level

Published

31 минута ago

18 мая, 2025

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Global economic tensions and shifting trade policies continue to influence cryptocurrency markets, with SUI showing particular resilience.

The asset established a trading range of 4.46% between $3.70 and $3.86, finding strong volume support at the $3.755 level.

A notable bullish momentum emerged with price surging 1.9% on above-average volume, establishing resistance at $3.850.

The formation of higher lows throughout the latter part of the day suggests consolidation above the $3.775 support level.

Technical Analysis Highlights

SUI established a 24-hour trading range of 0.165 (4.46%) between the low of 3.700 and high of 3.862.
Strong volume support emerged at the 3.755 level during hours 17-18, with accumulation exceeding the 24-hour volume average by 45%.
Notable bullish momentum occurred in the 20:00 hour with price surging 7.2 cents (1.9%) on above-average volume.
Resistance established at 3.850 with higher lows forming throughout the latter part of the day.
Decreasing volatility in the final hours suggests consolidation above the 3.775 support level.
Significant buyer interest appeared between 01:27-01:30, forming a strong support zone at 3.756-3.760 with exceptionally high volume (over 300,000 units per minute).
Decisive bullish reversal began at 01:42, establishing a series of higher lows and higher highs.
Breakout above 3.780 occurred at 01:55, followed by consolidation near 3.785 with decreasing volume.

External References

«Sui price up 5.16% intra-day: bullish structure remains strong«, crypto.news, published May 16, 2205.
«SUI Set to Explode, But Don’t Sleep on XRP and Other Altcoins«, CoinPedia, May 16, 2025.

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Dogecoin (DOGE) Whales Accumulate 1 Billion DOGE Amid Critical Support Formation

Published

1 час ago

18 мая, 2025

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Geopolitical tensions and evolving trade policies continue to influence cryptocurrency markets, with Dogecoin showing resilience amid broader economic uncertainty.

Despite macroeconomic headwinds, DOGE has maintained support above key moving averages while forming a potential bull flag pattern that could target $0.35 if validated by continued buying pressure.

Technical Analysis Highlights

DOGE experienced significant volatility with a 4.3% range (0.211-0.220) over the past 24 hours, forming a key support zone around 0.212 validated by high volume rebounds at 13:00 and 22:00.
The price action reveals a bullish recovery pattern from the 16:00 low, with resistance emerging at 0.217-0.220.
The 20:00 candle’s strong volume surge above the 24-hour average confirms renewed buying interest, suggesting potential upward momentum if DOGE can maintain its position above the established support level.
In the past hour, DOGE has demonstrated significant bullish momentum, climbing from 0.215 to 0.216 with notable volume spikes at 01:17, 01:21, and 01:54-01:55.
The price established a strong support zone around 0.215 during the early minutes, followed by a decisive breakout at 01:16-01:17 where volume surged over 8 million.
The uptrend continued with higher lows forming a clear ascending pattern, culminating in a new resistance test at 0.216-0.217 range.
The final minutes saw particularly heavy trading activity with volumes exceeding 7 million at 02:01-02:02, confirming strong buyer interest and suggesting potential for further upside movement.

External References