SEC Chairman: Will promote market shift to on-chain, in response to Trump's call to make America the crypto capital.

BlockBeats News, July 3 — SEC Chair Paul Atkins delivered a speech at the Economic Club of New York and clearly stated that the SEC is responding to President Trump’s call to “make America the global cryptocurrency capital.” Through a strategic project called “Project Crypto,” the SEC is taking historic steps to modernize rules and regulations to promote the market’s shift on-chain. Paul Atkins announced that after years of ambiguity, the SEC has provided digital asset issuers with long-awaited certainty. Investors and entrepreneurs can now know in advance whether a given digital asset is considered a security and therefore regulated by the SEC before taking action.

Atkins emphasized: This is not a favor to the industry; it is what a properly functioning market needs—clear rules applied equally to everyone. This statement marks that under Atkins’ leadership, the SEC has formally shifted from the past regulatory-enforcement path to providing a forward-looking rule framework, with the aim of bringing crypto innovation back to the United States.