SEC chair pushes reform to make US a global crypto hub

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins, speaking at the Reagan National Economic Forum, criticized the agency's past hostile regulatory stance toward cryptocurrency, which he said forced many crypto innovations to move overseas. Atkins emphasized that he is now pursuing a new era of SEC regulatory reform focused on modernizing crypto rules, promoting the development of on-chain capital markets, and supporting the United States' growth as a global crypto hub. "We are collaborating with the CFTC to build on-chain market infrastructure and refine our approach to crypto regulation," he added. Atkins stressed that U.S. capital markets should be built on freedom and innovation, and that the role of regulators is to provide clear rules and legal certainty, not to suppress technological development.