Paul Atkins is the Chair of the SEC. He discusses agency plans in response to proposals by President Trump to move from quarterly to semi-annual corporate reporting.
Opinion
SEC Chair Atkins calls Form S-1 registration completely inapt for crypto
“It's called an S one and it takes lots of lawyers and accountants to try to figure, figure out how to do it for an existing company, much less for a new digital asset, the crypto sort of asset that you know, where the form is completely an app. There's no boar…”
Disclosure
SEC Chair Atkins plans to streamline rulebook with focus on materiality
“That is part of my program for this year and going into next is to go through our rule book. We need a spring cleaning. We need to clean out the attic of the basement and the garage, and to really look at things. Unlike the agency has ever done before with a r…”
Assertion Not checkable as stated
SEC Chair Atkins says financial industry nears T+0 on-chain settlement
“There are so many benefits to come from distributed letter ledger technology for the financial services industry, where we're right at the cusp of achieving a T zero, basically, you know, immediate delivery versus payment receipt versus payment on chain.”
Disclosure
SEC Chair Atkins will propose new accredited investor rules in 2026
“So anyway, so I think we have to take a fresh look at all this, and we are going to do that here this year and with a proposed rule to address that.”
Assertion Not checkable as stated
SEC Chair Atkins says investment returns increasingly bypass the public
“The return on investment is you know, mainly to the insiders, private equity, venture capital the corporate officers and employees versus the public because they're mature companies when they actually go public.”
Prediction Not checkable as stated
SEC Chair Atkins aims for super app regulatory framework within two years
“So my dream is one day that, and I hope we can achieve that here in the next couple of years to have like a super app approach where, you know, there is, okay, blurred lines between the two, but we've coordinated our approach.”