SEC: The US Lags in Crypto Regulation, Emphasizing Catching Up

SEC Chair Paul Atkins has explicitly acknowledged the United States’ ten-year lag in developing robust regulations for the crypto industry. This admission underscores the urgent need for regulatory clarity within the U.S., which the SEC now intends to prioritize as ‘job one.’ The potential impact of this shift is significant: it could usher in a clearer legal framework for digital assets, potentially fostering innovation and attracting institutional investment from outside the U.S. Previously, the lack of clear regulations has hampered crypto development in the country, prompting international ventures to seek opportunities elsewhere.