New US SEC chair says crypto sector deserves clear regulations

WASHINGTON (Reuters) -The new head of the U.S. Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering "regulatory uncertainty" in prior years.

"Market participants engaging in this technology deserve clear regulatory rules of the road," Paul Atkins said in his first remarks since being sworn in as chairman of the agency as chairman earlier this week. (Reporting by Douglas GillisonAdditional reporting by Chris Prentice, Editing by Franklin Paul).