The United States Securities and Exchange Commission (SEC) is gearing up to position the U.S. as a global hub for digital assets, according to SEC Chair Paul Atkins. In an interview with Fox News reporter Maria Bartiromo, Atkins expressed his commitment to President Donald Trump’s vision of making America a leader in the digital asset space.
Atkins emphasized that the SEC is actively mobilizing all its divisions and offices to bring the President’s plan to fruition. He referenced the President’s Working Group report on digital assets, which outlines the clear directives for the SEC to work towards establishing America as the crypto capital of the world.
The SEC’s shift towards promoting the digital asset sector is a notable departure from its previous approach of regulation by enforcement. Atkins highlighted the recent decision to drop the case against Ripple, a move applauded by SEC Commissioner Hester Peirce. Peirce noted that this development allows the SEC to focus on creating a regulatory framework for crypto, rather than engaging in legal battles.
Atkins echoed Peirce’s sentiments, emphasizing the importance of shifting energy from litigation to policy drafting. He stressed the need for a clear regulatory framework that supports innovation while safeguarding investors’ interests. By transitioning from courtroom battles to proactive rule-making, the SEC aims to solidify America’s position as a global powerhouse in the digital asset industry.
In summary, Atkins’ message underscores the SEC’s commitment to embracing the digital asset space and fostering a regulatory environment that promotes growth and innovation. The agency’s pivot towards proactive regulation signals a strategic move towards establishing the U.S. as a leading player in the evolving world of cryptocurrencies and blockchain technology.