SEC Chair Pledges to Propel US as Global Crypto Powerhouse by 2025
The SEC just threw gasoline on America's crypto ambitions—and Wall Street's already reaching for marshmallows.
Chair's moonshot pledge
In a move that sent Bitcoin bulls charging, the SEC chair vowed to 'out-innovate every jurisdiction on Earth' in digital assets. No more watching from the sidelines—this is full-throttle regulatory embrace with 2025 targets looming.
Market ripples incoming
Traders are pricing in faster ETF approvals while DeFi protocols scramble to prep compliance dashboards. The real winners? Crypto-native firms who've been begging for clear rules since the ICO craze.
One hedge fund manager quipped: 'Finally, regulators discovered blockchain won't bite—though their careers might if they screw this up.'
What Will The SEC Do For The Cryptocurrency Landscape?
Atkins highlights that the previous administration did not share a similar vision for the crypto industry. In his statement, Atkins says that ““
The financial watchdog aims to use its “”
The SEC aims to further unlock the transformative potential of cryptocurrencies and digital asset technology. Moreover, the agency vows to protect investors and the US financial stability. Atkins states, ““
The pro-cryptocurrency SEC head ends his statement saying, ““
More Pro-Crypto Legislation For The US?
The US House of Representatives recently passed the GENIUS, Clarity, and Anti-CBDC Bills and Acts. Given the pro-cryptocurrency outlook of the current administration, we may see more regulatory clarity around the budding industry over the coming months.
There are several cryptocurrency-based ETF applications awaiting approval at the SEC. There is a high chance that the financial overseer will approve most, if not all, of the pending applications. ETF approvals may lead to increased institutional inflows into the crypto sector.
The US government is also likely to become a top cryptocurrency holder over the coming years. President TRUMP signed an executive order earlier this year to create a digital asset reserve for the US.
We may be entering one of the most bullish phases for the crypto sector in the US. How things unfold and what new legislations are proposed are yet to be seen.