U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the SEC is reviving its pace of cryptocurrency regulation to address previous policy shortcomings. Speaking at an event at the University of Texas, he pointed out that regulators have historically failed to keep pace with industry innovation. Atkins noted that since the Donald Trump administration took office, the SEC has adopted a more open stance, establishing a cryptocurrency task force, withdrawing several enforcement cases, and launching "Project Crypto" to drive updates to the regulatory framework. He emphasized that the focus is more on the future applications of distributed ledger technology in payment, clearing, and settlement systems than on short-term price fluctuations. Furthermore, the SEC this week approved WisdomTree's digital currency market fund to offer 24/7 trading and instant settlement. Atkins also revealed plans to explore tokenized bank deposit products in the future. (The Block)