SEC Chairman: Era of hostility to innovation is over, vows market clarity

U.S. SEC Chairman Paul Atkins has stated that the era of the agency being hostile to new technology and innovation is over. In a post on X, he said that for too long, this approach has driven entrepreneurs overseas. Atkins vowed to work with the administration and Congress under President Donald Trump's leadership to provide regulatory clarity for the digital asset market. Previously, President Trump stated on Truth Social that the U.S. crypto industry was pushed offshore under former SEC Chairman Gary Gensler's tenure, emphasizing that he would not let the industry die.