Paul Atkins, the incoming chairman of the U.S. SEC: Current regulation is too complicated, and how to regulate the crypto industry is the top priority

Odaily Planet Daily News: Paul Atkins, Trump's nominee for Chairman of the U.S. Securities and Exchange Commission (SEC), will attend the confirmation hearing of the Senate Banking, Housing and Urban Affairs Committee on Thursday morning local time. Paul Atkins said in his prepared remarks: "The current regulatory environment of the U.S. financial system hinders investment and often punishes those who succeed. Unclear, overly complex and cumbersome regulations are stifling capital formation, and American investors are overwhelmed by a large amount of disclosed information that does not help them understand the true risks of investment. It's 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 said would be his top priority as Chairman of the U.S. Securities and Exchange Commission. (CNBC)