On June 30, U.S. SEC Chairman Paul Atkins stated at the New York Economic Club that the United States is responding to the Trump administration's call to become the "Crypto Capital of the World." Through a new "Crypto Initiative," the SEC will expedite the update of the digital asset regulatory framework, clarifying which crypto assets are securities, whether they fall under SEC jurisdiction, and providing clearer rules for issuers, investors, and entrepreneurs. More importantly, the SEC has signed a historic memorandum of understanding with the CFTC, aiming to harmonize key definitions and coordinate regulatory responsibilities. In the past, the crypto industry has long been caught between regulatory ambiguity and overlapping oversight. Now, the United States is seeking to transform this regulatory gray area into a new fertile ground that drives on-chain activities and crypto innovation.
