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SEC Chair Paul Atkins said crypto and tokenization are “job one” for the agency.
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He plans to introduce an “innovation exemption” to accelerate product approvals.
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The SEC’s approach marks a sharp shift from former Chair Gary Gensler’s enforcement-heavy stance.
A New Tone at the SEC
Speaking at DC Fintech Week, SEC Chair Paul Atkins called crypto and tokenization top priorities for the agency. “We want to attract innovators back to the U.S.,” Atkins said, adding that the SEC must build a framework that encourages responsible growth rather than driving companies offshore.
He jokingly referred to the agency as the “Securities and Innovation Commission,” signaling a friendlier tone toward the industry.
Breaking with the Gensler Era
Atkins’ leadership contrasts sharply with former Chair Gary Gensler, who was known for frequent enforcement actions and a restrictive interpretation of crypto assets as securities. Since taking office in April, Atkins has pledged to simplify rules and introduce what he calls an “innovation exemption” to help compliant crypto products go to market faster.
Looking Ahead
Atkins said he aims to implement the new exemption by year-end, while promoting collaboration among multiple federal agencies to streamline registration. The SEC’s progress is currently slowed by a partial government shutdown, but Atkins reiterated that innovation “remains the mission” once operations resume.
