Securities and Exchange Commission (SEC) Chairman Paul Atkins has voiced strong opposition to increasing government regulation in the private sector, referencing a well-known quote from former President Ronald Reagan about government intervention. Atkins humorously remarked that the SEC's most alarming phrase is the suggestion to create additional disclosure requirements. He criticized prior SEC leadership for what he termed 'regulatory adventurism,' which he believes has made public listings more expensive and has discouraged entrepreneurship. Atkins advocates for a regulatory environment that promotes investment and opportunity, echoing Reagan's free-market philosophy. He announced proposals aimed at reducing the burdens on public companies, such as more flexible reporting schedules and simplified disclosure requirements. Furthermore, Atkins mentioned the SEC's intention to rescind its climate-disclosure rules set for 2024 and emphasized the agency's commitment to making the U.S. a leader in cryptocurrency through clearer regulations and initiatives like Project Crypto.