Treasury Secretary Scott Bessent said Friday that the United States has entered what he calls the “golden age of crypto” under President Donald Trump’s leadership.
In a post to the crypto community on X, Bessent urged to “start companies, launch protocols, and hire workers in the United States.” He added, “Under @POTUS, we are exploring new possibilities in decentralized computing and digital payments to unlock the potential of blockchain technology.”
SEC’s Support Push to Lead the Crypto Race
Bessent’s statement came one day after the head of the Securities and Exchange Commission (SEC), Paul Atkins, announced a new plan called “Project Crypto.”
According to the chair, this program is meant to help the Trump administration create policies that could make the United States the “crypto capital of the world.” Atkins called it a turning point.
“We are at a threshold of a new era in the history of our markets. I would like the world to go on notice that under my leadership, the SEC will not stand idly by and watch innovations develop overseas while our capital markets remain stagnant.” He said
Project Crypto will be led by SEC Commissioner Hester Pierce. She will write proposals to put into action ideas from the President’s Working Group on Digital Asset Markets, which released a report earlier this week.
The SEC says the project will also work on creating rules for companies that want to turn assets such as stocks and bonds into digital tokens. Atkins has told SEC staff to update old rules so the country can make better use of on‑chain software systems in financial markets.
Clear Rules, New Tools, and a Push for “Super Apps”
Another goal is to create simple rules that make it clear when a crypto asset is a security and when it is not. For those that are considered securities, the SEC will make disclosure rules easier and create safe zones for things like initial coin offerings (ICOs), and network rewards.
Atkins also wants to allow “super apps” that would let securities firms offer many different products and services under one license.
He said these changes are meant to bring back crypto companies that left the United States because of tough rules from the last administration. He believes the new approach will help the country keep crypto innovation at home and stay ahead of other nations.
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