{"id":14761,"date":"2025-08-06T08:39:37","date_gmt":"2025-08-06T06:39:37","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=14761"},"modified":"2025-08-06T08:39:37","modified_gmt":"2025-08-06T06:39:37","slug":"crypto-market-potentially-underappreciated-following-secs-shift-in-approach","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/06\/crypto-market-potentially-underappreciated-following-secs-shift-in-approach\/","title":{"rendered":"Crypto Market Potentially Underappreciated Following SEC’s Shift in Approach"},"content":{"rendered":"

“`html
\n<\/p>\n

\n

Cryptocurrency stakeholders might be undervaluing the degree of the US securities regulator\u2019s updated position on crypto, suggesting that cryptocurrency values could still have potential for growth, according to the chief investment officer of Bitwise.<\/p>\n

US Securities and Exchange Commission Chair Paul Atkins released<\/a> a discourse he delivered on July 31 at the America First Policy Institute<\/a> regarding how blockchain technology will be incorporated into the financial markets.<\/p>\n

Bitwise\u2019s Matt Hougan on Tuesday expressed<\/a> that the discourse surprised him and left him pondering whether Atkins\u2019 perspective had already been factored into the market.<\/p>\n

\u201cThe most optimistic document I\u2019ve come across concerning crypto wasn\u2019t authored by some random person on Twitter. It was crafted by the chairman of the SEC.\u201d<\/p><\/blockquote>\n

\u201cI can\u2019t fathom reading the discourse and not feeling compelled to allocate a considerable portion of your resources to crypto, or, if you are involved in finance, a substantial part of your career,\u201d stated Hougan.<\/p>\n

Source: <\/em>Matt Hougan\u00a0<\/em><\/a><\/figcaption><\/figure>\n

The cryptocurrency markets have surged notably since the election of US President Donald Trump, who promised to alter the leadership and direction of the SEC.<\/p>\n

Bitcoin surged to unprecedented peaks after former chair Gary Gensler<\/a> stepped down on Jan. 20, coinciding with Trump’s inauguration.<\/p>\n

It rose again when Paul Atkins was inaugurated as the new chair on April 21.<\/p>\n

Under his leadership, the agency has terminated prolonged enforcement actions<\/a> against crypto entities and, most recently, commenced Project Crypto, an effort to implement clear regulations.<\/p>\n

Nonetheless, Hougan remarked that the market may not yet fully grasp the impacts of the recent shifts at the SEC.<\/p>\n

\u201cI\u2019m realizing I must think larger \u2014 and shift to a quicker timeline. If I hadn\u2019t accounted for this, I\u2019m going to guess others haven\u2019t either.\u201d<\/p><\/blockquote>\n

SEC\u2019s Paul Atkins\u2019s vision for crypto<\/h2>\n

During his address, Atkins mentioned that the SEC, among other initiatives, is exploring effective methods to ensure that rules and regulations<\/a> do not hinder the development of onchain markets.<\/p>\n

\u201cIt\u2019s as if the chairman of the SEC assembled all the best concepts crypto advocates have been championing for the last decade and consolidated them into a single address, detailing how the SEC can genuinely realize them,\u201d noted Hougan.<\/p>\n

\u201cThere\u2019s an abundance of insights to dissect in the address for investors; one could formulate an entire venture capital firm around the chairman\u2019s vision, creating enterprises to leverage each opportunity he outlines.\u201d<\/p><\/blockquote>\n

Blockchain and super apps at the forefront<\/h2>\n

Hougan asserted that blockchains could be set for expansion based on Atkins\u2019s comments in his speech about all assets, including stocks, bonds and dollars, transitioning to public blockchains<\/a>.<\/p>\n

\u201cIt doesn\u2019t require exceptional insight to observe it: If nearly all assets are going to migrate to public blockchains, you\u2019ll want exposure to those blockchains,\u201d Hougan elaborated.<\/p>\n

At the same time, Atkins\u2019s reference to super apps, which Coinbase and Robinhood have already adopted<\/a> as a notion, could be another sector poised for growth.<\/p>\n