In a recent interview with Tony Edwards on Thinking Crypto, Ron Hammond, a representative from the Blockchain Association, shared his insights regarding the future of the SEC under the leadership of Paul Atkins, expected to assume the role of SEC Chair by the end of January.
Hammond expressed optimism that under Atkins, the SEC could expedite the resolution of ongoing legal battles, including the high-profile Ripple case. He emphasized the need for the industry to progress and anticipated that the new leadership would work towards faster resolutions for the numerous pending lawsuits. However, Hammond acknowledged that the approach Atkins takes toward existing legal challenges, such as Ripple’s, remains uncertain.
He also noted that Atkins’ tenure could lead to clearer regulatory guidelines for the cryptocurrency sector. While the process may take time, Hammond expressed hope that new leadership would work to bring clarity and help settle major cases swiftly. “There’s hope that the new leadership will speed up settlements,” Hammond remarked, adding that clearer regulations could emerge as a result of these efforts.
Paul Atkins is set to be confirmed as the SEC’s new Chair by the end of January, pending the completion of his paperwork and upcoming Senate hearings. Hammond considered Atkins a steady choice, which should facilitate a smooth confirmation process. Once confirmed, Atkins will join key SEC figures such as Hester Peirce and Mark Uyeda, who have long advocated for clearer and more comprehensive regulations for the cryptocurrency space.
With Atkins at the helm, there is hope that the SEC will deliver the much-needed regulatory clarity that the crypto industry has been seeking. Industry leaders also expect greater collaboration between the SEC and Congress to establish essential laws governing cryptocurrency.
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