SEC Chairman: We must ensure that entrepreneurs can raise funds on-chain without facing endless legal uncertainty.

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On September 11, Paul S. Atkins, Chairman of the SEC, delivered a keynote speech at the OECD's inaugural Global Financial Markets Roundtable, stating that for a long time, the SEC has wielded its investigative, subpoena, and enforcement powers as weapons to undermine the crypto industry. This approach is not only ineffective but also harmful. Today, the SEC will provide clear and predictable rules so that innovators can thrive in the United States. President Trump has ordered the transformation of the United States into a global Crypto Assets center. Most crypto Tokens are not securities, and the SEC will clearly define the boundaries. It is essential to ensure that entrepreneurs can raise funds on-chain without facing endless legal uncertainties. The SEC must allow "super app" trading platform innovations to increase choices for market participants. Platforms should be able to offer trading, lending, and stake services under a single regulatory framework. Investors, advisors, and brokers should also have the freedom to choose from various accomplice solutions. The SEC will collaborate with other agencies so that platforms can offer trading of crypto assets (regardless of whether they are securities), as well as services like stake and lending, under a single regulatory framework. The SEC's goal is simple: to ignite a golden age of financial innovation on American soil. Whether through tokenization of stock ledgers or entirely new asset classes, the SEC aims to achieve breakthroughs for the benefit of American investors in the U.S. market and under U.S. regulation.

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