SEC Chairman Paul Atkins calls Bitcoin a trillion dollar asset class

The European Central Bank pointed out that the large-scale redemption of stable currency may lead to bank runs, and mentioned that 94% of Argentina's cryptocurrency purchases use stable currency. Türkiye has 38 billion US dollars of Türkiye lira converted into stable currency within a year. MELD said that most enterprises using its services will immediately convert their funds back into French francs after settlement. (Source: Cointelegraph)

The SEC proposes new regulations to clarify the compliance procedures for investment advisors and funds holding cryptocurrency assets.

According to a report by the International Finance Association on September 23, global debt reached a historic high of $365 trillion, an increase of $10 trillion in six months. Among them, emerging market debt increased by $6.5 trillion to $110 trillion, with China contributing the most. On September 28th, the San Francisco Federal Reserve reported that foreign investors' holdings of US Treasury bonds have decreased from a peak of over 50% in the late 2000s to about 30% in early 2026. Stablecoins issuers are increasing their holdings of short-term US Treasury bonds at a faster rate than Japan from 2023 onwards, and the bank expects demand for stablecoins to be around $400 billion by 2030. (Source: Cryptopolitan)

The US Securities and Exchange Commission proposed cryptocurrency custody rules on Thursday, which are part of the Commission's digital asset agenda.

SEC Chairman Paul Atkins stated that Bitcoin has become a trillion dollar asset class that investors actively seek exposure to. （Bitcoin Archive）