U.S. Lags in Cryptocurrency Regulation, SEC Chair Warns

SEC Chair Paul Atkins sounded the alarm on a significant gap between US regulatory efforts and the rapidly evolving cryptocurrency landscape during an event in Washington D.C. He stated that the U.S. is approximately a decade behind other countries in addressing crypto regulation. According to him, this delay hinders innovation and potential for investment. To address this, the SEC prioritizes creating comprehensive frameworks to entice those who have relocated to return to the US for opportunities within its financial system.