United States Securities and Exchange Commission (SEC) head Paul Atkins doubled down on his commitment to ensuring the next wave of “financial innovation” happens on American soil in an August 4 X post.

Paul Atkins Reaffirms U.S. Commitment to Crypto

According to a Monday post published on Atkins’ official X account, the newly appointed SEC chair claims that the agency during his tenure will “make sure the next chapter of financial innovation is written right here in America.”

In a clip from Atkins’ speech at the America First Policy Institute last Thursday, the federal regulator reaffirmed his commitment to developing a crypto-friendly regulatory framework stateside.

“The SEC will not stand idly by and watch innovations develop overseas while our capital markets remain stagnant,” Atkins said. “We are at a threshold of a new era in the history of our markets.”

The SEC Unveils Project Crypto Initiative

Atkins’ X post comes just days after he announced that the SEC had launched a commission-wide initiative known as “Project Crypto” to “modernize the securities rules and regulations to allow America’s financial markets to move on-chain.”

The blockchain-oriented project would effectively reverse the SEC’s old regulation-by-enforcement approach toward digital assets by providing clear token classification and reshoring the crypto industry as a whole.

“This report is the blueprint to make America first in blockchain and crypto technology,” Atkins concluded.