The U.S. Securities and Exchange Commission (SEC), under new Chair Paul Atkins, has signaled a more crypto-friendly approach. Atkins stated that past regulatory uncertainty stifled innovation, and the SEC’s Crypto Task Force held its first major roundtable on April 25, 2025, to discuss collaborative regulation. The SEC also dropped its lawsuit against Ripple, marking a symbolic shift. Additionally, U.S. bank regulators have withdrawn cautious guidance on banks’ crypto activities, potentially encouraging more bank involvement in stablecoins and crypto services.