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Atkins SEC era sparks massive industry optimism, crypto execs speak out

The crypto industry is bracing for a significant shift in regulatory tone following Paul Atkins’ swearing-in as chair of the US Securities and Exchange Commission on April 21. A former SEC commissioner with deep roots in deregulatory philosophy, Atkins replaces Gary Gensler, whose combative stance toward crypto defined much of the agency’s recent legacy.

In the latest episode of Byte-Sized Insight with Cointelegraph, key industry figures weigh in on the implications of this leadership change and what it might unlock for innovation, investment and clarity for digital assets.

Crypto’s “golden age” continues

Chris Perkins, president of CoinFund, spoke with host Savannah Fortis and described his excitement regarding the new SEC chair, predicting a reduction in regulatory uncertainty under the new administration. 

“We were under this regulatory reign of terror, you know, under the Biden administration,” said Perkins. “Investors in assets, they’re very comfortable taking market risk… but they’re not comfortable taking reputational risk, and along with that is regulatory risk.”

He pointed out how it was not only investors and companies who were nervous under the last administration, but also developers in the crypto space who had been targeted for their work.

Perkins highlighted how a shift in the regulatory climate could catalyze growth.

“Now, again, you’re taking that personal liability off… So in a way, you have this perfect storm of new institutional capital coming in and new developers coming in. And I think the this is going to be a golden age for venture and value creation.”

Related: Paul Atkins’ loosely linked RSR token rises 13% after Coinbase listing

Katherine Dowling, general counsel and chief commercial officer at Bitwise Asset Management, agreed that change is already visible. 

“The mood has already changed,” she said. “We’ve seen a flurry of activity around certain legal cases… being dismissed, dropped… not because all regulation is going away… but because more work needs to be done to define what these digital assets are.”

Dowling emphasized that the shift is about clarity, not deregulation. 

“It’s a signal shift towards let’s take a step back and define what these are, what they look like, and how they should be regulated.”

What to expect from the Atkins era

James Gernetzke, chief financial officer of Bitcoin and crypto wallet Exodus, added that “the promise of being able to engage with a regulator on a reasonable basis… is going to be very helpful.” 

Gernetzke said he expects a return to “more normal time frames” for IPOs and access to capital markets. 

“I think the IPO rush… you will see probably towards the end… maybe months 10, 11, 12… it’s coming for sure.”

Perkins captured the broader sentiment, calling the incoming market structure bill a potential unlock. 

“This market structure bill is going to have a really big impact… because then I know what my asset is, and I have a process for capital formation. I have a process for disclosures… It’s going to be awesome.”

Cryptocurrencies, SEC, US Government

Listen to the full episode of Byte-Sized Insight for the complete interview on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows! 

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

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Crypto to become UAE’s second-biggest sector in 5 years — Institutional investor

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Crypto to become UAE’s second-biggest sector in 5 years — Institutional investor

Crypto to become UAE’s second-biggest sector in 5 years — Institutional investor

The crypto industry is set to experience massive growth in the United Arab Emirates (UAE) due to its pro-tech and business regulations.

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Blockchain security must localize to stop Asia’s crypto crime wave

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Blockchain security must localize to stop Asia’s crypto crime wave

Blockchain security must localize to stop Asia’s crypto crime wave

Without localized risk detection and public–private cooperation, illicit capital will continue to flow unchecked, and trust in the system will collapse.

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Thousands more Afghans affected by second data breach, ministers say

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Thousands more Afghans affected by second data breach, ministers say

Thousands more Afghan nationals may have been affected by another data breach, the government has said.

Up to 3,700 Afghans brought to the UK between January and March 2024 have potentially been impacted as names, passport details and information from the Afghan Relocations and Assistance Policy has been compromised again, this time by a breach on a third party supplier used by the Ministry of Defence (MoD).

This was not an attack directly on the government but a cyber security incident on a sub-contractor named Inflite – The Jet Centre – an MoD supplier that provides ground handling services for flights at London Stansted Airport.

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July: UK spies exposed in Afghan data breach

The flights were used to bring Afghans to the UK, travel to routine military exercises, and official engagements. It was also used to fly British troops and government officials.

Those involved were informed of it on Friday afternoon by the MoD, marking the second time information about Afghan nationals relocated to the UK has been compromised.

It is understood former Tory ministers are also affected by the hack.

Earlier this year, it emerged that almost 7,000 Afghan nationals would have to be relocated to the UK following a massive data breach by the British military that successive governments tried to keep secret with a super-injunction.

Defence Secretary John Healey offered a “sincere apology” for the first data breach in a statement to the House of Commons, saying he was “deeply concerned about the lack of transparency” around the data breach, adding: “No government wishes to withhold information from the British public, from parliamentarians or the press in this manner.”

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July: Afghan interpreter ‘betrayed’ by UK govt

The previous Conservative government set up a secret scheme in 2023 to relocate Afghan nationals impacted by the data breach, but who were not eligible for an existing programme to relocate and help people who had worked for the British government in Afghanistan.

The mistake exposed personal details of close to 20,000 individuals, endangering them and their families, with as many as 100,000 people impacted in total.

Read more on Sky News:
Data breach victims sent spam emails
Afghan data leak timeline
MoD urged to reveal details of nuclear incident

A government spokesperson said of Friday’s latest breach: “We were recently notified that a third party sub-contractor to a supplier experienced a cyber security incident involving unauthorised access to a small number of its emails that contained basic personal information.

“We take data security extremely seriously and are going above and beyond our legal duties in informing all potentially affected individuals. The incident has not posed any threat to individuals’ safety, nor compromised any government systems.”

In a statement, Inflite – The Jet Centre confirmed the “data security incident” involving “unauthorised access to a limited number of company emails”.

“We have reported the incident to the Information Commissioner’s Office and have been actively working with the relevant UK cyber authorities, including the National Crime Agency and the National Cyber Security Centre, to support our investigation and response,” it said.

“We believe the scope of the incident was limited to email accounts only, however, as a precautionary measure, we have contacted our key stakeholders whose data may have been affected during the period of January to March 2024.”

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