SEC Chair Unveils Full-Agency Push to Crown US as Undisputed Global Crypto Hub

The SEC is throwing every resource it has at crypto—and Chair Gary Gensler just declared war on regulatory ambiguity.

All hands on deck

Every division within the SEC is now laser-focused on creating frameworks to dominate digital asset innovation. No more piecemeal approaches—this is a coordinated blitz to outpace Singapore, Switzerland, and other crypto-friendly jurisdictions.

The irony? The same agency that spent years suing crypto projects now wants to lead the revolution. Wall Street’s about to get a blockchain facelift—whether it likes it or not.

SEC Chair Atkins on FOX BusinessSEC Chair Atkins on FOX Business Importantly, the SEC Chair explained that the agency is mobilizing every division, including corporation finance and investment management, to get the job done.  Notably, the SEC is updating regulations to include the crypto sector while working with Congress on new legislation. Atkins pointed to the recent signing of the GENIUS Act at the White House as an important milestone and noted that several other crypto-friendly bills will be back on the table once lawmakers return from recess. Project Crypto and the SEC's Pro-Crypto Stance For the uninitiated, Project Crypto seeks to remove uncertainty in the digital asset sector by creating clear rules for token distribution, custody, and trading. It narrows the scope of securities laws for crypto, meaning most digital assets would no longer be treated as securities. The plan focuses on five priorities: defining clear classifications for crypto assets, giving investors freedom to choose their custody and trading options, supporting all-in-one "super-app" trading platforms, boosting on-chain innovation and DeFi, and introducing fast-track approvals for new products.  The SEC also plans to work with other regulators, like the CFTC, to cut overlapping rules. In addition, they seek to strengthen competition and attract crypto businesses back to U.S. soil. Atkins confirmed that the agency will use both formal rule changes and targeted exemptions to update outdated securities laws. Specifically, the goal is to get the right balance between protecting investors and encouraging the growth of decentralized finance. Notably, his FOX Business interview builds on a series of pro-crypto statements he's made this year. In April, during the Crypto Custody Roundtable, Atkins criticized the old "Operation Chokepoint 2.0" approach for leaving the U.S. with too few crypto custody options.  Meanwhile, three months back at the "SEC Speaks" event, he highlighted the importance of "super-apps" that can handle both securities and non-securities under a single license. Last month, Atkins claimed that the U.S. government has placed a stamp of approval on crypto.