U.S. SEC Chairman: We will ensure that entrepreneurs can raise funds on-chain, and the U.S. will become the world's cryptocurrency capital

ChainCatcher News, during a speech at the first OECD Global Financial Markets Roundtable, SEC Chairman Paul S. Atkins stated that the SEC has been using its investigative, subpoena, and enforcement powers to disrupt the cryptocurrency industry. This approach is not only ineffective but also harmful, pushing jobs, innovation, and capital overseas. This chapter of history is now behind us, and the U.S. will be shaped into the world's cryptocurrency capital.

Most crypto tokens are not securities, and we will clearly define these boundaries. We must ensure that entrepreneurs can raise funds on-chain without facing endless legal uncertainty. We must also allow "super app" trading platforms to innovate, increasing choices for market participants. Platforms should be able to offer trading, lending, and staking services under a single regulatory framework. Investors, advisors, and broker-dealers should also have the freedom to choose among various custody solutions.