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#Crypto Market Rebound# SEC Chairman Paul Atkins spoke about Cryptocurrency during the Emerging Markets!
Cryptocurrency-friendly SEC Chairman Paul Atkins made statements about crypto assets during the TV program he attended.
Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission (SEC), made important assessments regarding the role of the regulatory body, the fight against insider trading (insider trading), and its approach to the rapidly growing cryptocurrency market.
Atkins acknowledged that insider trading is an area that the SEC has long monitored, while also noting a decrease in the number of high-profile cases that have caught the public's attention in recent years. However, he also addressed concerns that regulations, particularly in the cryptocurrency market, are not being adequately enforced.
Atkins, who said "Fraud is fraud," reminded that the SEC's primary mission is to protect investors, support capital formation, and ensure that markets operate in a fair and efficient manner. He stated that they also play an active role in the cryptocurrency market in line with this mission.
In the program, using the example of "Sorkin Coin" which was briefly launched in the past, it was stated that investor groups organized buying and selling through private communication channels, resembling the market manipulations of the 1920s. Atkins mentioned that such activities are closely monitored by the SEC.
Atkins also stated that companies' methods of communication with investors have changed and that social media and podcasts are now effective in disseminating information alongside traditional platforms. Noting that this situation has brought issues related to insider information access back to the forefront, Atkins remarked that markets operate based on information and that fair access is crucial.
Atkins was also asked about the regulations regarding the stock trading of Congress members. It was noted that the impact of the "STOCK Act" law passed by Congress a few years ago was limited, while Atkins stated that they had meticulously examined thousands of reports received on this matter but could not comment on specific cases.
IT IS NOT INVESTMENT ADVICE