SEC chair: US is 10 years behind on crypto, fixing this is ‘job one’

SEC Chair Paul Atkins said the US is a decade behind on crypto and that building a regulatory framework to attract innovation is “job one” for the agency.

During a recent event in Washington, DC, US Securities and Exchange Commission (SEC) Chair Paul Atkins said the United States is a decade behind in crypto and that addressing the issue is a priority for the regulator.

During the DC Fintech Week event on Wednesday, Atkins said he thinks the United States is “probably 10 years behind” on cryptocurrency. “The crypto aspect is our job one,” he said.

Atkins said the SEC aims to “build a strong framework to actually attract people back into the United States who may have fled.” The agency wants this framework to allow innovation to thrive.

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