According to ChainCatcher, U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins delivered a keynote speech at the inaugural OECD Roundtable on Global Financial Markets, stating that the SEC has long used its investigative, subpoena, and enforcement powers as a weapon to disrupt the crypto industry. This approach is not only ineffective but also harmful. Now, the SEC will provide clear and predictable rules so that innovators can thrive in the United States.
President Trump has issued a directive to establish the United States as a global hub for cryptocurrency. Most crypto tokens are not securities, and the SEC will clearly define the boundaries. Entrepreneurs must be able to raise funds on-chain without facing endless legal uncertainty. The SEC must allow "super app" trading platforms to innovate, thereby increasing choice for market participants.
Platforms should be able to offer trading, lending, and staking services under a single regulatory framework. Investors, advisors, and brokers should also have the freedom to choose from a variety of custody solutions. The SEC will work with other agencies to enable platforms to offer trading of crypto assets (whether or not they are securities), as well as staking and lending services, under a single regulatory framework.
The SEC’s goal is simple: to ignite a golden age of financial innovation on American soil. Whether through tokenized stock ledgers or entirely new asset classes, the SEC aims to achieve breakthroughs in American markets, under American regulation, and for the benefit of American investors.
