Source: Cointelegraph
Original: “Paul Atkins Takes the Helm of the SEC, Sparking Optimism in the Industry as Crypto Executives Speak Out”

On April 21, after Paul Atkins was sworn in as the chairman of the U.S. Securities and Exchange Commission (SEC), the cryptocurrency industry anticipates a significant shift in regulatory tone. As a former SEC commissioner, Atkins is a strong believer in the concept of deregulation, succeeding Gary Gensler in the position. Gensler's confrontational stance on cryptocurrencies largely defined the agency's recent policy direction.

In the latest episode of Cointelegraph's "Byte-Sized Insight" program, key figures in the industry discussed the implications of this leadership change, analyzing the opportunities it may bring for innovation, investment, and regulatory clarity in digital assets.

Chris Perkins, president of CoinFund, expressed his expectations for the new SEC chairman during an interview with host Savannah Fortis, predicting that regulatory uncertainty will decrease under the new leadership.

"During the Biden administration, we experienced a period of regulatory terror," Perkins stated. "Asset investors are very accustomed to taking market risks… but they are unwilling to take on reputational risks and the regulatory risks associated with it."

He pointed out that during the previous administration, not only investors and businesses felt tense, but also developers in the cryptocurrency space who became regulatory targets due to their work.

Perkins emphasized that the shift in the regulatory environment could catalyze industry growth.

"Now, the risk of personal liability is being eliminated… so, to some extent, we are witnessing a perfect storm for new institutional capital and new developers to flood in. I believe this will become a golden age for venture capital and value creation."

Katherine Dowling, chief legal officer and chief business officer of Bitwise Asset Management, agreed that changes are already evident.

"The atmosphere in the industry has changed," she said. "We are seeing some legal cases being dismissed or withdrawn… this is not because all regulation will disappear… but because we need to do more work to define these digital assets."

Dowling emphasized that this shift is about clarity, not deregulation.

"This is a signal shift, allowing us to step back and define the nature, form, and regulatory approach of these assets."

James Gernetzke, chief financial officer of Bitcoin (BTC) and cryptocurrency wallet Exodus, added, "The prospect of being able to engage with regulators on a reasonable basis… will be very helpful."

Gernetzke stated that he expects initial public offerings (IPOs) and access to capital markets to return to a "more normal timeframe."

"I think the IPO boom… may emerge by the end of the year… around October, November, December… it will definitely come."

Perkins captured the broader market sentiment, stating that the upcoming market structure legislation could bring breakthroughs.

"This market structure legislation will have a significant impact… because by then we will clearly know what our assets are, with a defined capital formation process and information disclosure process… this will be exciting."

Related: SEC Working Group Meets with Trump-Supporting Companies to Discuss Cryptocurrency Regulation

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