Former SEC commissioner Paul Atkins has been nominated as the U.S. encryption regulatory landscape faces adjustments.

Gate.io News bot message, according to reports, former SEC commissioner Paul Atkins has been nominated to lead the SEC. During his tenure, the SEC plans to transfer the regulatory responsibilities for "non-securities stablecoins" (such as USDC) to banking regulatory agencies or legislative bodies.

The SEC is advancing regulatory coordination with agencies such as the CFTC and FinCEN to establish a multi-agency regulatory framework. Atkins advocates for the "issuance and disclosure" principle, requiring token projects to provide complete information disclosure and establish a transparent governance structure at the time of issuance.

This move provides a new path for token projects to operate in compliance within the US market.