The future of cryptocurrency regulation in the United States may change significantly as Paul Atkins, a former SEC commissioner known for his pro-innovation stance, could lead the agency under a new administration. Atkins has a solid background in digital assets and has been involved in setting best practices for digital asset issuances since 2017. His potential appointment contrasts with the current SEC chair, Gary Gensler, who has faced criticism for a ‘regulation by enforcement’ approach. If confirmed, the SEC’s role might diminish in crypto regulation, especially as the Commodity Futures Trading Commission is perceived as more innovation-friendly. This week’s news also includes significant events: Binance will delist five tokens due to compliance issues, Singapore Gulf Bank seeks $50 million for a stablecoin firm acquisition, Cantor Fitzgerald has acquired a 5% stake in Tether, and Valour launched the first DOGE Exchange-Traded Product (ETP).

Source 🔗