[SEC Chairman: More Crypto Regulatory Rules to Be Introduced to Keep the Market in the U.S.] Odaily Planet Daily News – U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the SEC will continue advancing cryptocurrency and digital securities regulations and will introduce more rules to ensure the digital asset market remains in the United States. On October 2, Paul Atkins mentioned that the SEC's proposed regulatory framework for crypto asset custody aims to update rules established in 1940, which were only applicable to traditional asset custody and safekeeping. This initiative follows the U.S. Senate's failure to pass the CLARITY Act last month. He noted that this framework is part of the SEC's plan to build a comprehensive crypto asset regulatory system starting in 2025. Previously, the SEC also proposed Regulation Crypto Assets and the Innovation Exemption, the latter of which would establish a 5-year sandbox allowing U.S. stocks to be traded on decentralized exchanges and liquidity providers. Former SEC Internet Enforcement Office Chief John Reed Stark believes this regulatory push exceeds the SEC's authority and bypasses Congressional power. Paul Atkins stated that more regulatory proposals are forthcoming and that the SEC will continue assisting President Trump in promoting the U.S. as the global cryptocurrency capital. (Bitcoin.com News)