U.S. SEC nominee: The primary task upon taking office is to work with colleagues and Congress to provide a solid regulatory foundation for digital assets.

ChainCatcher news, encryption journalist Eleanor Terrett stated on social media that SEC nominee chair Paul Atkins said he would abandon the previous administration’s harsh enforcement approach: “Industry experience and focused application are needed to ensure that customers and investors benefit from efficient, effective, and well-designed regulation. Our mission at the SEC should be to promote these efforts and use enforcement power when necessary to correct and address willful misconduct.” Regarding digital assets: “My top priority as chair is to work with my committee colleagues and Congress to provide a solid regulatory foundation for digital assets through a reasonable, coherent, and principled approach.”