Emre Yumlu 
During his remarks at the DC Fintech Week event in Washington, D.C., SEC Chairman Paul Atkins stated that the United States has fallen nearly a decade behind in cryptocurrency regulation. According to Atkins, building a clear and innovation-friendly regulatory framework must now be the agency’s top mission.
The U.S. Is 10 Years Behind in Crypto
Atkins emphasized that the country has lost its competitive edge in the digital asset sector, noting, “The U.S. is probably ten years behind when it comes to crypto.” He added that the primary goal of the SEC should be to establish a structure that restores the U.S. as a global hub for crypto innovation.
“We are no longer just the Securities Commission — we are also an Innovation Commission,” he said, underscoring the SEC’s ambition to reshape its vision with a technology-driven approach.
Embracing Innovation Through Regulatory Flexibility
The SEC is reportedly working full-time on new rules aimed at promoting innovation while maintaining investor protection. Atkins revealed that one concept under discussion is the “innovation exemption”, which could grant flexibility to projects experimenting with new technologies.
“Within our legal authority, we can grant exemptions in certain cases,” Atkins explained. “That opens the door for new ideas and experimental projects.” This statement suggests that the SEC may be considering a more adaptive regulatory stance toward emerging crypto initiatives.
The Rise of Superapps and Coordinated Oversight
Atkins also touched upon the growing superapp phenomenon, referencing models like China’s WeChat, which integrate payments, investments, and financial services under one platform. He suggested that with proper regulation, such applications could accelerate financial innovation in the U.S.
The chairman further highlighted the need for stronger coordination among regulatory bodies, envisioning a system where regulation itself functions as an interconnected “application.”
Atkins concluded by reiterating the SEC’s broader vision — to reclaim America’s leadership in crypto and fintech innovation. His comments signal a shift toward collaboration and modernization, as the U.S. seeks to close its decade-long gap in digital finance.
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