TD Cowen: The US SEC is entering a critical regulatory period; Atkins chairman will lead the development of crypto rules.
TL;DR
The SEC is entering a critical 12-month period post-government shutdown, with Chairman Paul Atkins leading crypto regulation development. This marks a key phase for his deregulation agenda.
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According to ChainCatcher, analysts at investment bank TD Cowen pointed out that with the federal government resuming operations, the U.S. Securities and Exchange Commission (SEC) will face a critical period ahead, as the agency is working on developing regulatory rules for the cryptocurrency industry.
A report from TD Cowen's Washington research team, led by Jaret Seiberg, stated that market focus has shifted to SEC Chairman Paul Atkins' policy agenda following the longest government shutdown. "The SEC will enter the most important 12 months of Chairman Atkins' tenure after the government reopens, and his deregulation agenda will enter a substantial phase," Seiberg said on Monday.