Jul 2, 02:12 PM

SEC’s Atkins Signals Rethink of SPAC Curbs and Crypto Rules

US Securities and Exchange Commission Chairman Paul Atkins said in a CNBC interview on Wednesday that the agency is prepared to revisit regulations governing special-purpose acquisition companies, or SPACs. The SEC under his predecessor had tightened oversight of blank-check firms after a surge in listings, but Atkins signalled that some of those restrictions could be eased, saying the commission will "look at SPAC rules" as part of a broader review of how companies access public markets. Atkins added that he wants to reduce “red tape” that discourages private companies from pursuing traditional initial public offerings, arguing that clearer, more streamlined requirements would make it “more attractive to become a public company.” The chairman also highlighted emerging technologies as a priority, calling stock and real-world asset tokenization "an innovation" that can increase market transparency. He acknowledged that existing crypto rules "have not been clear" and pledged to establish “clear rules of the road” for the industry so investors and issuers understand the regulatory framework.

#Paul Atkins #CNBC #SEC #Atkins

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SEC’s Atkins Signals Rethink of SPAC Curbs and Crypto Rules

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