SEC Chair: The U.S. Has Missed Major Opportunities in Cryptocurrency and Is Now Trying to Catch Up

GateUser-6433627c · 2026-02-28T00:53:44+00:00

On February 28th, SEC Chairman Paul Atkins criticized former Chairman Gary Gensler at an event at the University of Texas, stating that he failed to adapt to crypto innovation, resulting in the U.S. missing opportunities in the field. Atkins pointed out that the SEC has adopted a more industry-friendly approach since the Trump administration and has introduced several new initiatives to promote crypto development.

GateUser-6433627c

2026-02-28 00:53:44

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On February 28, current SEC Chair Paul Atkins criticized former Chair Gary Gensler for not attempting to adapt to innovation during his tenure at a Texas University event, stating that the U.S. has missed significant opportunities in the crypto space and is now trying to catch up. Paul Atkins said that since the Trump administration, the SEC has shifted to a more industry-friendly approach by establishing a dedicated crypto task force, dismissing multiple enforcement cases against large institutions, and launching “Project Crypto” to update regulations. He emphasized the potential of distributed ledger technology in payment clearing and settlement, and revealed that the SEC has approved WisdomTree’s 7x24-hour settlement tokenized money market fund, with plans to promote tokenized bank deposits in the future.

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