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SEC Chair Atkins Urges Crypto Firms to Return to the U.S. Amid Regulatory Shift
A growing number of global crypto companies are expanding or returning to the United States as the Trump administration signals a policy pivot toward digital asset growth and onshoring.
SEC Endorses ‘Reshoring’ Strategy
In a speech delivered at the America First Policy Institute, SEC Chair Paul Atkins urged the U.S. to “reshore the crypto businesses that fled,” calling for a renewed effort to bring blockchain innovation back under U.S. jurisdiction. His remarks aligned with a broader push by the Trump administration to make the U.S. a leading global hub for digital assets.
Treasury Secretary Scott Bessent echoed the sentiment, declaring that the U.S. has entered a “golden age of crypto” and encouraging entrepreneurs to “start your companies here, launch your protocols here, and hire your workers here.”
Policy Shift Spurs Return of International Firms
Backed by political support and clearer regulatory frameworks, several international firms are re-entering or expanding within the U.S. market:
- Nexo (Bulgaria): Returned to the U.S. in April after a multi-year absence, citing improved regulatory clarity.
- Deribit (Netherlands): Exploring a U.S. entry as of early May.
- Wintermute (UK): Opened a New York office in May to increase U.S. market presence.
- OKX (Seychelles): Relaunched U.S. operations in June, establishing a new headquarters in San Jose, California.
- Bitmain (China): Announced plans to open its first U.S.-based ASIC production facility by 2026 and select a U.S. headquarters location by Q3 2025.
These moves come amid reports that other major ASIC manufacturers, including Canaan and MicroBT, are also shifting production to the United States.
U.S. Crypto Firms Expand Domestic Operations
Domestic firms are scaling up in response to state-level support and expanding regulatory certainty:
- Kraken: Relocated its global headquarters to Cheyenne, Wyoming, in June, citing the state’s crypto-friendly policies.
- MoonPay: Opened a new headquarters in New York in April and secured regulatory licenses to operate in all 50 states by June.
Conclusion
As pro-crypto reforms continue to take shape under the Trump administration, the return of global players and expansion of domestic firms suggest that the U.S. is regaining ground as a competitive destination for digital asset innovation.
@ Newshounds News™
Source: Cointelegraph
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SEC Expands Crypto Roundtables Nationwide, Begins August 4 in Berkeley
The U.S. Securities and Exchange Commission (SEC) is taking its crypto policy outreach on the road, launching a nationwide series of roundtables aimed at early-stage blockchain developers and startups. The initiative, titled “Crypto on the Road,” builds on spring engagements that began in Washington and marks a significant expansion of the SEC’s public engagement with the digital asset industry.
Targeting Startups Outside Washington
According to the SEC’s August 1 announcement, the roadshow is designed to connect with smaller crypto teams—specifically those with 10 or fewer employees and less than two years in operation. The outreach aims to offer direct access to SEC representatives for developers and founders operating outside the Beltway.
Hester Peirce, head of the SEC’s Crypto Task Force, emphasized the importance of hearing from a broad cross-section of stakeholders:
“The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possible.”
How to Participate
Teams interested in participating can request a meeting slot by emailing crypto@sec.gov with the subject line “Crypto on the Road.” Applicants should include the city of interest, the names of one or two attendees, and a brief description of their project and team.
The SEC also plans to publish a list of participating projects to maintain transparency throughout the process.
Nationwide Schedule Runs Through December
The initial roadshow calendar includes ten stops across the country, running from August through December:
- Berkeley, CA – August 4
- Boston, MA – August 19
- Dallas, TX – September 4
- Chicago, IL – September 15
- New York, NY – September 25
- Irvine, CA – October 3
- Cleveland, OH – October 24
- Scottsdale, AZ – October 29
- New York, NY (2nd stop) – November 12
- Ann Arbor, MI – December 5
Dates are subject to change as logistics are finalized.
Building on Spring Engagements
The roadshow follows the SEC’s first Crypto Task Force roundtable, held on March 21 in Washington, D.C. That session brought together a wide spectrum of voices, from blockchain advocates to policy skeptics. The dialogue highlighted shared concerns around the lack of regulatory clarity, even as participants diverged on how best to define oversight for decentralized platforms.
Key areas of debate included:
- The relevance and limitations of the Howey Test for evaluating digital assets
- Whether token decentralization should exempt projects from securities classification
- How regulation can encourage innovation without overreach
Following the inaugural session, the SEC hosted four additional events focusing on key regulatory issues, including the role of decentralized finance (DeFi) and consumer protection.
Seeking Ground-Level Insights
By moving discussions into key regional innovation hubs, the SEC is seeking more grounded insights from smart contract developers, tokenization teams, and early-stage consumer application builders. The insights gathered during this tour will help shape future SEC guidance and rulemaking on how digital assets and blockchain-based projects are treated under federal securities law.
@ Newshounds News™
Source: CryptoSlate
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