SEC Chairman Paul Atkins stated that the Securities and Exchange Commission (SEC) is working to rectify past "significant missed opportunities" in cryptocurrency regulation. Atkins criticized former Chairman Gary Gensler for failing to adapt to industry innovation during his tenure. Under the Trump administration, the SEC has adopted a more favorable regulatory approach, including establishing a crypto task force, withdrawing several enforcement actions, and initiating "Project Crypto" to modernize its regulatory framework. While acknowledging fluctuations in individual cryptocurrency prices, Atkins expressed optimism about the potential of distributed ledger technology in payment clearing and settlement systems. (The Block)

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