US SEC promotes crypto and AI financial regulation, protects investors with the principle of minimal intervention and encourages innovation and competition

Odaily Planet Daily News Paul S. Atkins, chairman of the Securities and Exchange Commission (SEC), said at the OECD Global Financial Markets Roundtable that the SEC will use Project Crypto modern securities regulatory rules to clarify the securities status of crypto assets, providing a clear regulatory framework for companies to finance, trade, pledge and borrow on-chain. He stressed that most crypto tokens do not belong to securities and regulation will protect investors with the principle of minimal intervention, while encouraging innovation and competition. Atkins also pointed out that artificial intelligence (AI) will be combined with blockchain to promote "smart proxy finance", realize automated transactions, capital allocation and risk management, improve market efficiency and reduce costs. He called for international cooperation, learn from the experience of the EU MiCA, and jointly promote digital asset supervision and financial innovation. The SEC aims to establish a globally leading crypto and AI finance ecosystem in the United States, creating more opportunities for investors and businesses.