United States Securities and Exchange Commission (SEC) Chairman Paul Atkins has indicated openness to allow crypto investments in retirement plans. This comes days after a report emerged about United States President Donald Trump’s plans to open the retirement market to other alternative investments, including digital assets, gold, and private equity.
Atkins said about the move:
We have to do it carefully, because the private markets are a lot different from the public markets. Disclosure is key, and people need to know what they are getting into. However, we need to address it because there is a demand out there for this sort of products.
This GENIUS act represents a stride in the right direction for clearer regulations for the crypto industry, as the legislation is aimed at establishing a regulatory framework for stablecoins.
In the interview, Atkins also mentioned that the SEC is considering setting up an innovation exemption within its regulatory framework to foster tokenization.
As Bitcoinist earlier reported, this change would allow new trading techniques and support the development of a tokenized securities ecosystem.
Atkins is becoming increasingly popular amongst the crypto crowd due to his pro-crypto stance, which is the stark opposite of his predecessor, Gary Gensler.
