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SEC Chair: Will Ensure Entrepreneurs Can Access On-Chain Financing, Making the U.S. the World's Crypto Capital
BlockBeats News, September 10th. During his speech at the first OECD Global Financial Markets Roundtable, U.S. Securities and Exchange Commission Chair Paul S. Atkins stated, "The SEC has always used its investigative, subpoena, and enforcement powers to disrupt the cryptocurrency industry, a practice that is not only ineffective but also harmful, pushing jobs, innovation, and capital overseas. That stage of history is now in the past, as the United States is poised to become the global capital of cryptocurrency. Most crypto tokens are not securities, and we will clearly define these boundaries. We must ensure that entrepreneurs can fundraise on-chain without facing endless legal uncertainty. We must also allow 'super app' trading platforms to innovate and increase market participants' choices. Platforms should be able to offer trading, lending, and staking services under a single regulatory framework. Investors, advisors, and broker-dealer proprietary traders should also have the freedom to choose among various custody solutions."
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