SEC Chairman Paul Atkins: Priority will be given to promoting regulatory transparency and accountability mechanisms for the SEC in the field of digital assets

According to Foresight News, the US Securities and Exchange Commission (SEC) has released a statement made by its Chairman Paul S. Atkins on May 20, 2025, during his testimony before the House Financial Services and Government Appropriations Subcommittee. He stated that the SEC will prioritize promoting regulatory transparency and accountability mechanisms, particularly in the field of digital assets, and emphasized that the SEC should conduct strict cost-benefit analysis when formulating rules to avoid adverse effects of excessive regulation on market innovation. Paul Atkins also pointed out that the SEC will strengthen cooperation with Congress to ensure that its regulatory activities comply with legislative intent and adopt a cautious attitude towards digital asset regulation to avoid hindering technological progress. He stated that the SEC will continue to fulfill its mission of protecting investors and maintaining market integrity, while promoting the healthy development of financial markets.