U.S. SEC Chairman Paul Atkins: We will strengthen cost-benefit analysis and prudently promote digital asset regulation

Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) released its Chairman Paul S. Atkins' testimony before the House Financial Services and Government General Services Appropriations Subcommittee on May 20, 2025. He stated that he would prioritize the promotion of the SEC's regulatory transparency and accountability mechanism, especially in the field of digital assets, and emphasized that the SEC should conduct a rigorous cost-benefit analysis when formulating rules to avoid excessive regulation from adversely affecting market innovation. Paul Atkins also pointed out that the SEC will strengthen cooperation with Congress to ensure that its regulatory activities are consistent with legislative intent and take a prudent approach to digital asset regulation to avoid hindering technological progress. He said that the SEC will continue to fulfill its mission of protecting investors and maintaining market integrity while promoting the healthy development of financial markets. (SEC.gov)