Paul Atkins emphasized a warmer approach to crypto, marking a clear departure from the policies of former Chair Gary Gensler

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Since President Donald Trump took office and following former SEC Chair Gary Gensler's departure, the agency has taken a warmer approach to crypto in part through dropping enforcement actions against major crypto industry players and creating the crypto task force.

The new SEC chair contrasted that model with the prior administration’s approach, saying it sought to discourage participation through enforcement actions and public statements that characterized mining, validating, and staking services as securities activity.