SEC Chairman: The U.S. has fallen behind by ten years in the encryption field, and establishing a regulatory framework to attract innovation is the "top priority."

On October 18, according to Cointelegraph, at an event in Washington D.C., U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the U.S. has fallen behind by a decade in the crypto space, and addressing this issue is a top priority for regulators. Atkins mentioned that he believes the U.S. may be “about 10 years behind” in terms of crypto assets. He said, “The crypto space is our top priority.” Atkins pointed out that the SEC aims to “establish a strong framework to bring back those who may have left the U.S.” The agency hopes that this framework will allow innovation to thrive.