US Securities and Exchange Commission Chairman Paul Atkins Praises Genius Act
The chairman of the US Securities and Exchange Commission (SEC), Paul Atkins, recently praised the Genius Act during a symposium on Tuesday, describing its passage as an “exhausting” moment. Atkins spoke at the Salt Wyoming Blockchain Symposium 2025, where he commended members of Congress for adopting the Genius Act.
Atkins expressed his enthusiasm for the new law, stating, “While we continue, many questions have to be answered, so I welcome the people in Congress who have adopted the ingenious law.” He described it as a “pioneering step for the US Congress and the government” as a whole. Although Atkins acknowledged that there is still “a lot of spring cleaning to be done at the SEC,” he praised the significant steps taken towards crypto clarity in recent months.
US Treasury Secretary Calls Genius Act “Essential”
Atkins’ comments come just one day after the US Treasury Secretary requested public commentary on the Genius Act, seeking input on how the government can help prevent “illicit financial risks” associated with digital assets. According to the request for comment, US Treasury Secretary Scott Bessent praised the implementation of the Genius Act as “essential” for American leadership in digital assets.
Bessent stated, “Stable coins will expand the dollar for billions around the world and lead to an increase in US state bonds that remain lined up.” US President Donald Trump signed the Genius Act into law last month, which crypto supporters saw as a key marker for the development of a crypto-friendly regulatory framework. With more crypto legislation making its way through Congress, it remains unclear how much clarity the StableCoin law can bring.
For more information on the Genius Act and its implications for the crypto industry, visit https://cryptonews.com/news/theres-a-lot-of-spring-cleaning-to-be-done-at-the-sec-chair-paul-atkins-says/
