SEC Chair Paul Atkins said the Securities and Exchange Commission will continue developing crypto and digital-securities regulations to keep digital-asset markets in the United States. On Oct. 2, Atkins said a proposed crypto-asset custody framework would modernize rules established in 1940 for traditional asset custody and safekeeping. The initiative follows the Senate’s failure last month to pass the CLARITY Act and forms part of a broader SEC program launched in 2025 after former Chair Gary Gensler left the agency. That program includes Regulation Crypto Assets, which would create a tailored offering regime for crypto assets issued as investment contracts, and an Innovation Exemption establishing a five-year sandbox for trading U.S. stocks on decentralized exchanges and through liquidity providers. Former SEC Internet Enforcement Office head John Reed Stark said the effort exceeds the agency’s authority and bypasses Congress. Atkins said additional proposals are forthcoming as he continues working with President Trump to make the United States the global crypto capital.