SEC proposal could open floodgates to make America capital of digital cash

The Securities and Exchange Commission (SEC) is moving to give crypto companies a clearer path to raise capital in the United States as the agency seeks to bring crypto-asset investment and innovation back onshore while keeping activity under U.S. law.

SEC Chairman Paul Atkins joined FOX Business' Cheryl Casone on "Mornings with Maria" to discuss the agency's new crypto proposal, its exemptions and the broader push to make the U.S. the "crypto capital" of the world.

SEC Chair Paul Atkins unveils proposal to bring crypto investment back to the U.S. (Al Drago/The Washington Post/Bloomberg / Getty Images)

"Our regulation crypto assets that we're calling it, that we've proposed is our most historic step yet to try to bring reality to the president's call to make the United States the crypto capital world," Atkins said.

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The proposal comes as Congress considers the CLARITY Act, which Atkins said he hopes will ultimately reach the president's desk. The SEC is moving ahead with its own proposal and seeking public comment as it develops a regulatory framework alongside Congress' work on the legislation.