US SEC Chairman: Entrepreneurs must ensure that they can raise funds on-chain without facing endless legal uncertainty

According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins delivered a keynote speech at the OECD's first global financial market roundtable, saying that the U.S. SEC has long used its investigation, summons and law enforcement powers as weapons to subvert the crypto industry. This approach is not only ineffective, but also harmful. Today the U.S. SEC will provide clear and predictable rules so that innovators can thrive in the United States. President Trump has issued an order to build the United States into a global cryptocurrency center. Most crypto tokens are not securities, and the US SEC will clearly draw the boundaries. Entrepreneurs must be ensured to raise funds on-chain without facing endless legal uncertainty. The U.S. SEC must allow “super application” trading platform innovation, thereby increasing the choice of market participants. The platform should be able to provide transactions, lending and pledge services under a single regulatory framework. Investors, advisors and brokers should also have the freedom to choose from multiple custody solutions. The SEC will work with other institutions so that the platform can provide transactions of crypto assets (whether they are securities or not), as well as services such as pledges and lending under a single regulatory framework. The SEC's goal is simple: to ignite the golden age of financial innovation on American land. Whether through tokenized stock books or brand new asset classes, the SEC hopes to make breakthroughs in the interests of American investors in the US market and under US supervision.