SEC’s Atkins Says More Crypto Rule Proposals Are Coming

The significance here is less the specific proposals than the shift in posture: a sitting SEC chair publicly framing existing custody rules as technologically obsolete, and pairing that with an explicit rejection of regulation-by-enforcement. That reframes custody and tokenized securities as drafting problems rather than enforcement targets, which matters most for advisers and funds weighing whether to hold digital assets at all. The open question is sequencing and substance — whether the innovation exemption and Regulation Crypto Assets arrive as workable text or as broad statements of intent.