Bloomberg Talks SEC Chairman Paul Atkins Talks Stablecoins, 401(k) Plans
Jul 18, 2025
Paul Atkins, the US SEC Chairman, discusses the urgent need for clear regulations around cryptocurrencies following new stablecoin legislation. He emphasizes the SEC's commitment to fostering innovation while ensuring investor protection. The conversation also touches on transforming 401(k) plans to allow private assets and alternative investments, highlighting the importance of transparency in these ventures. Joined by Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern, Atkins provides insights into the evolving landscape of digital finance.
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SEC's Clear Rules for Crypto
- SEC is shifting from enforcement-led regulation to clear, firm rules for crypto innovation.
- Defining crypto assets like stablecoins as non-securities helps reduce market uncertainty.
Stablecoins Fall Under Bank Regulators
- Stablecoins are regulated by banking regulators, not the SEC, due to their payment role.
- Stablecoins can enable near-instant settlement, increasing market efficiency and reducing risks.
Caution for Private Assets in 401(k)s
- SEC will coordinate with the Department of Labor to ensure private assets in 401(k)s have proper guidelines.
- Investors must be informed about liquidity and risks tied to private market investments.