US SEC Chairman: Will ensure entrepreneurs can raise funds on-chain, and the United States will become the world's cryptocurrency capital

According to ChainCatcher, SEC Chairman Paul S. Atkins said in a speech at the first OECD Global Financial Markets Roundtable that the SEC has been using its investigation, subpoena and law enforcement powers to subvert the cryptocurrency industry, which is not only ineffective but harmful, pushing employment, innovation and capital overseas. Now this history has become history and the United States will be built as the world's cryptocurrency capital. Most crypto tokens are not securities, and we will clearly define these boundaries. We must ensure entrepreneurs can raise funds on-chain without facing endless legal uncertainty. We must also allow “superapp” trading platform innovation to increase the choice of market participants. The platform should be able to provide transactions, lending and pledge services under a single regulatory framework. Investors, consultants and broker-dealers should also have the freedom to choose from in a variety of custodial solutions.