US SEC Commissioner: "Digital Asset Innovation Should Happen in the US"

Source
Uk Jin

Summary

  • The US SEC Commissioner emphasized the need to create a crypto-friendly regulatory environment so that innovation in digital assets takes place within the US.
  • The SEC announced its intention to attract the digital asset industry to the US through the 'Project Crypto' initiative.
  • The Commissioner evaluated the report from the presidential working group on blockchain and digital asset technology as a blueprint for US leadership in the field.

Paul Atkins, US Securities and Exchange Commission (SEC) Commissioner, emphasized the importance of fostering a crypto-friendly regulatory environment by declaring, "We will ensure next-generation financial innovation happens on American soil."

Commissioner Atkins stated via his X (formerly Twitter) account on the 4th (local time), "We will not stand by as innovation happens overseas," and added, "The SEC will reform regulatory frameworks so that the US capital markets can enter a new phase."

Earlier, the SEC had announced its intention to attract the virtual asset industry to the US through the initiative 'Project Crypto.' Atkins’ recent remarks are thought to be in line with this context.

Commissioner Atkins also stated, "Issues such as complex offshore structures, fake decentralization, and the controversy over whether something is a security are now over," and added, "President Trump's reference to the ‘golden age of America’ also applies to the digital asset economy."

In addition, Atkins referred to a recent report by a presidential working group on the digital asset market, describing it as "a blueprint that helps the US lead in blockchain and virtual asset technology."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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