Atkins Plots Crypto Comeback for the SEC!

SEC Chair Paul Atkins is charting a pro-crypto regulatory shift away from Gary Gensler’s enforcement-heavy era.

Author

Danielle du Toit
December 10, 2025

Here's what we've got for you today:

  • 'You Ain't Seen Nothing Yet," SEC Chair Atkins Signals Quick Action on Crypto Priorities in the New Year

  • Circle Pushes Into Private Stablecoins With USDCx

  • Malaysia’s Crown Prince Launches $121M Crypto Treasury – Despite Bubble Fears

  • Connecticut Can’t Take Action Against Kalshi for Now, Judge Rules

SEC Chair Paul Atkins is charting a pro-crypto regulatory shift away from Gary Gensler’s enforcement-heavy era.

  • SEC Chair Paul Atkins signaled a pro-innovation shift for US crypto regulation, saying the agency’s new digital-asset agenda will “start sprouting” in 2026.

  • Atkins is advancing a token taxonomy, “Project Crypto,” and an innovation exemption to clarify securities rules and fast-track compliant crypto products.

  • His approach sharply contrasts with former Chair Gary Gensler’s enforcement-heavy stance, which faced a lot of industry criticism for treating most tokens as securities.

Circle is launching USDCx, a privacy-enhanced institutional stablecoin built with Aleo to offer banking-level confidentiality.

  • Circle is developing USDCx, a privacy-enhanced version of USDC that is tailored for banks and enterprises that need blockchain efficiency without exposing sensitive financial data.

  • Built with privacy-focused developer Aleo, USDCx aims to deliver “banking-level privacy” by shielding on-chain activity from public view while still allowing regulated compliance disclosures.

  • The hybrid model is designed to remove a major barrier to institutional blockchain adoption by protecting internal payment flows that companies cannot afford to make public.

Malaysia’s Crown Prince launched RMJDT, a ringgit-backed stablecoin issued on Zetrix and tested in the national regulatory sandbox.

  • Malaysia’s Crown Prince Tunku Ismail entered the digital-asset sector with a state-backed stablecoin and a broader crypto-treasury strategy.

  • His company, Bullish Aim Sdn. Bhd., has launched RMJDT, a ringgit-backed stablecoin issued on Zetrix, the Layer-1 blockchain powering Malaysia’s national blockchain infrastructure.

  • The initiative is being tested inside Malaysia’s regulated sandbox, jointly overseen by the Securities Commission and Bank Negara Malaysia to evaluate stablecoins and programmable payment systems.

A federal judge halted Connecticut’s enforcement against prediction market Kalshi after the state accused it of unlicensed gambling.

  • A US federal judge temporarily blocked Connecticut from enforcing a cease and desist order against prediction market Kalshi, which was accused of running unlicensed online gambling in the state.

  • Connecticut’s Department of Consumer Protection also targeted Robinhood and Crypto.com, claiming their event contracts constituted illegal sports wagering.

  • Kalshi countersued, arguing its markets fall exclusively under CFTC oversight.

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