The Digital Chamber, a prominent crypto industry group with ties to SEC chair nominee Paul Atkins, has called on the Securities and Exchange Commission (SEC) to reset its relationship with the crypto sector. The group is urging the SEC to roll back certain proposed rules and address non-fraud-related lawsuits against crypto firms swiftly after President-elect Donald Trump takes office in January.
In a proposal delivered Wednesday, the Digital Chamber presented a 90-day plan to members of the SEC staff, specifically targeting Republican commissioners Hester Peirce and Mark Uyeda. The plan outlines several actions that the group hopes will be prioritized, especially under the leadership of Atkins, should he be confirmed as SEC chair. Key recommendations include the issuance of “clear commission statements, no-action letters, and bespoke rulemaking” tailored for the digital asset sector.
According to the group, it is time to end the SEC’s ongoing “regulation by enforcement” policy. The group also urged the SEC to eliminate outdated and confusing informal guidance, including speeches, letters, and other non-binding communications from former directors and staff. This guidance, the Digital Chamber argues, has created confusion and made it difficult for market participants to navigate SEC regulations.
