Kyle Samani
👤 PersonAppearances Over Time
Podcast Appearances
In a speech that he gave about six weeks ago, SEC Chair Paul Atkins outlined his plans for the future of all of the employees at the SEC.
In that speech, he said, quote, I have directed the commission staff to update antiquated agency rules and regulations to unleash the potential of on-chain software systems in our securities markets.
He is preparing the SEC for what he calls, quote, the digital finance revolution.
It just does not get any more clear than this.
US securities markets are coming on-chain.
In that same speech, Chair Atkins also outlined his vision for what he calls Regulation Super App.
And this creates a regulatory framework to allow three distinct kinds of assets to all trade on one user interface, despite different underlying backends.
Those three asset types include non-security crypto assets, tokenized securities, and traditional securities.
And while these assets all have different backends, users should not have to care.
You should be able to trade any of these things all from the same front end.
Under this framework, these regulated financial super apps are going to be able to offer these services and many others, things like staking, lending, trading, or just general access to DeFi, all from these regulated super app platforms.
And they're going to be able to do so without getting 50 state licenses or even going through multiple federal licenses.
The makings of these super apps already exist today.
They look like Robinhood, Coinbase, SoFi, and many others.
Soon, you're going to be able to access crypto-native protocols, such as JITO, Drift, Camino, and a lot of others, directly from these regulated financial super apps.
In this REG super app vision,
The worlds of regulated financial services and permissionless crypto protocols are converging.
And this is going to open up access to capital markets for people all over the world.
And it's going to result in an absolute boom in on-chain DeFi activity.
Taken together, we are at a critical inflection point.