SEC Chairman: We must ensure that entrepreneurs can raise funds on the blockchain without facing endless legal uncertainty

ChainCatcher News, SEC Chairman Paul S. Atkins delivered a keynote speech at the OECD's first Global Financial Markets Roundtable, stating that for a long time, the SEC has used its investigative, subpoena, and enforcement powers as weapons to undermine the crypto industry. This approach is not only ineffective but also harmful. Today, the SEC will provide clear and predictable rules so that innovators can thrive in the United States.

President Trump has issued an order to make the United States a global cryptocurrency hub. Most crypto tokens are not securities, and the SEC will clearly delineate the boundaries. It is essential to ensure that entrepreneurs can raise funds on-chain without facing endless legal uncertainties. The SEC must allow "super app" trading platforms to innovate, thereby increasing the choices available to 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 various custody solutions. The SEC will collaborate with other agencies so that platforms can provide trading of crypto assets (whether or not they are securities), as well as services like staking and lending, 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 for the benefit of American investors in the U.S. market, under U.S. regulation.