SEC Chair Signals Major Shift: Notice Before Enforcement for Crypto Businesses
SEC Chair Paul Atkins is indicating a move away from the "enforcement-first" approach towards a more collaborative strategy. Crypto businesses may now receive preliminary notices for technical violations before facing punitive actions.
Atkins criticized past enforcement actions as lacking precedent and predictability, suggesting a period of up to six months for compliance before enforcement. He also stated that most tokens likely do not fall under securities laws.
The SEC has established a Crypto Task Force and dropped several previous investigations, signaling a more constructive relationship with the industry.