U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins has emphasized the agency’s continued focus on investor protection, addressing insider trading, market manipulation, and the evolving landscape of cryptocurrency regulation.
Speaking on a recent program, Atkins acknowledged that while high-profile insider trading cases have declined in visibility, the SEC remains committed to monitoring such activities. “Fraud is fraud,” Atkins stated, underscoring that the agency’s core mission remains the same: protecting investors, promoting capital formation, and maintaining fair and efficient markets.
Atkins pointed to the fast-growing cryptocurrency sector as an area of active regulatory engagement. He reaffirmed that the SEC is involved in ensuring the digital asset market operates with integrity, noting that poor regulation remains a concern in this space. He cited past incidents of market manipulation, such as the short-lived “Sorkin Coin,” as examples of behavior reminiscent of the unchecked speculative activity seen in the 1920s.
Investor groups coordinating through private chat groups or social media platforms to influence asset prices are being closely tracked, according to Atkins. He warned that these trends blur traditional market boundaries and require heightened vigilance.
The SEC chairman also discussed how new channels of communication—such as social media, livestreams, and podcasts—have transformed the way companies engage with investors. While these platforms offer broader reach, Atkins highlighted that they also raise concerns about fair information access and the potential spread of insider knowledge.
When asked about congressional stock trading and the effectiveness of the “STOCK Act,” Atkins acknowledged the act’s limited impact. He confirmed that the SEC is carefully examining thousands of disclosures from public officials but declined to comment on any specific individuals or transactions.
Arizona Governor Katie Hobbs has officially vetoed House Bill 2324, a legislative proposal that aimed to create a state-managed reserve fund for holding seized cryptocurrency assets.
The U.S. Securities and Exchange Commission (SEC) is in the early stages of developing a standardized listing framework for token-based exchange-traded funds (ETFs), according to a July 1 report by journalist Eleanor Terrett.
The U.S. Securities and Exchange Commission (SEC) has officially approved the conversion of the Grayscale Digital Large Cap Fund into an exchange-traded fund (ETF), finalizing its transition from an over-the-counter product into a fully regulated ETF structure.
In a major development for cryptocurrency regulation and user privacy, the U.S. Supreme Court has declined to hear a challenge to the IRS’s authority to collect broad customer data from crypto exchanges.