#CryptoRoundTableRemarks SEC Chair Declares a ‘New Day’ in Aim to Become ‘Crypto Capital of the Planet’

Atkins opened the meeting, stating that the topic of the discussion is timely as “securities are increasingly migrating from traditional (or “off-chain”) databases to blockchain-based (or “on-chain”) ledger systems.”

The roundtable discussion was the third in a series of four addressing tokenization and bringing traditional assets on-chain.

Atkins declared “a new day at the SEC,” pivoting away from regulation by enforcement toward creating clear regulatory frameworks through proper rulemaking processes.

In order for the US to be the “crypto capital of the planet,” the Commission must “keep pace with innovation and consider whether regulatory changes are needed to accommodate on-chain securities and other crypto assets,” he said.