SEC Chair Unveils Bold Plan to Make U.S. the Crypto Capital of the World
Chairman Paul Atkins opened the roundtable emphasizing the growing transition of securities from traditional "off-chain" systems to blockchain-based "on-chain" systems.
He the shift to how the digitization of audio revolutionized the music industry, unlocking innovation and accessibility.
Atkins noted that tokenization could redefine capital markets, from enabling real-time dividend payments to unlocking liquidity in traditionally illiquid assets. But he warned that current SEC regulations often don’t accommodate these new models, risking innovation by applying outdated rules.
Atkins declared an end to “regulation by enforcement.” The SEC will return to rulemaking, interpretation, and exemptions as Congress intended—focusing enforcement on fraud and manipulation. He praised Commissioners Peirce and Uyeda for forming the new Crypto Task Force to break down internal siloes and expedite regulatory clarity.
Final Thoughts
Atkins concluded by committing to work with Congress and President Trump’s administration to ensure the U.S. leads in blockchain innovation. “It is a new day at the SEC,” he said, pledging a rational and modern regulatory approach to make America the global capital of crypto.
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