American Leadership in the Digital Finance Revolution
· Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission (United States)
Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, growth, investment and productivity, technology, ai and cyber risk
PS · Paul S. Atkins · U.S. Securities and Exchange Commission WikiAmerican Leadership in the Digital Finance RevolutionContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.
Why it mattersThe SEC chair launches Project Crypto, setting out a broad plan to bring crypto activity back under a lighter US framework.
Problems raised- Crypto projects are pushed offshore or into rigid structures.
- Intermediaries need many licences to offer different products.
- Heavy rules hold back financial innovation.
Solutions proposed- Let projects choose an efficient framework that protects investors.
- Allow super-apps offering many services under one licence.
- Apply the minimum effective dose of regulation.
Read full speech on sec.gov ↗More from Paul S. Atkins · U.S. Securities and Exchange Commission · all speeches
More speeches by Paul S. Atkins
Other leaders on payments, digital money and crypto-assets
