SEC Chairman elect Paul Atkins: Current regulation is too complex, regulating the cryptocurrency industry is the top priority

Odaily Planet Daily News: Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission nominated by Trump, will attend the confirmation hearing of the Senate Banking, Housing, and Urban Affairs Committee on Thursday morning. Paul Atkins said in his prepared speech, "The current regulatory environment in the US financial system hinders investment and often punishes successful individuals. Unclear, overly complex, and cumbersome regulation is stifling capital formation, while American investors are inundated with a large amount of disclosed information that does not help them understand the true risks of investing. It is time to reset priorities and restore common sense to the SEC In addition, Paul Atkins is expected to discuss how to regulate the cryptocurrency industry, which he stated will be his top priority as chairman of the U.S. Securities and Exchange Commission. （CNBC）