SEC Chair Paul Atkins has announced a shift towards a more friendly regulatory approach to cryptocurrency, moving away from the previous administration's stringent policies. He plans to utilize existing frameworks to create standards for digital assets and promote innovation while ensuring investor protection. Atkins emphasizes collaboration with lawmakers to develop supportive regulations for the crypto industry.

A new U.S. Justice Department memo indicates a significant policy shift that may offer relief to cryptocurrency firms by easing enforcement actions against them. This change, contrasting with the previous administration's strict approach, focuses on prosecuting harmful practices rather than regulating the industry broadly, prompting concerns about potential misconduct among crypto platforms.