"The Securities and Exchange Commission (SEC) plans to issue crypto firms notices of technical violations before taking action."
"Trump-appointed SEC Chair Paul Atkins told the Financial Times in an interview in Paris that the agency would continue to pursue fraudsters but that there were "other gradations" that required notice. He criticized what he described as the SEC's past habit of "bashing down doors" over minor violations, explaining that it would now stop treating technical mistakes with the same harshness."
"Atkins believes that regulated businesses should have a chance to correct compliance issues before enforcement action is taken. He described his approach as an effort to fix what many saw as a lack of due process, proper notice, and rule of law in the commission's work."
The Securities and Exchange Commission plans to issue crypto firms notices of technical violations before taking enforcement action. The approach marks a departure from the prior aggressive enforcement posture under the previous administration. The agency will continue to pursue fraudsters while reserving notice and corrective opportunities for lesser errors. SEC Chair Paul Atkins criticized past practices of "bashing down doors" for minor infractions and emphasized "other gradations" that warrant notice. The policy gives regulated businesses a chance to correct compliance issues prior to enforcement. The aim is to improve due process, proper notice, and adherence to the rule of law in enforcement actions.
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