Odaily Planet Daily reported that Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), said at an event in Washington, DC that the United States "may have lagged behind by about ten years" in the field of encryption, and that establishing a sound regulatory framework has become a top priority to attract innovators to return and promote industry development.

Atkins noted that the SEC’s goal is to “build a strong system where innovation can flourish” and ensure that the United States is once again the center of the crypto space. (Cointelegraph)