SEC Chair Atkins proposes new rules for onchain markets and AI finance
- SEC is considering changes to regulations for blockchain-based financial markets and AI applications.
- Atkins highlighted the need for formal rulemaking around onchain trading systems and crypto vaults.
- He noted that current securities rules were designed for traditional market intermediaries, not integrated blockchain protocols.
- The SEC aims to clarify its stance on hybrid market structures combining elements of DeFi and traditional finance.
- Atkins supports congressional efforts like the CLARITY Act to establish a regulatory framework for digital assets shared with the CFTC.
Atkins’ remarks reflect a shift from enforcement-heavy approaches under previous SEC leadership, emphasizing adaptability to emerging technologies like AI and blockchain. The SEC’s goal is to ensure regulations do not hinder innovation in financial markets.
These proposed changes could redefine how digital asset firms operate, particularly as they increasingly utilize blockchain technology for trading and settlement activities. (Source)
