A year under Paul Atkins: SEC crypto embrace grows as prediction markets draw scrutiny
The Block
SEC Chair Paul Atkins is shifting the agency toward a supportive crypto regulatory framework while investigating potential manipulation in growing prediction markets.Summary
Nearly a year into his term, SEC Chair Paul Atkins is moving the commission away from the enforcement-heavy approach of his predecessor, Gary Gensler. Under his 'ACT' (Advance, Clarify, Transform) mission, Atkins aims to foster crypto innovation and encourage firms to return to the U.S. market through new taxonomies and innovation exemptions. Meanwhile, regulators are increasingly concerned about the rise of prediction markets like Polymarket and Kalshi. Atkins noted that the SEC, alongside the DOJ and CFTC, is examining potential manipulation and traceability issues within these platforms, particularly regarding trading tied to government policy and political outcomes.
(Source：The Block)