“Procrustean Bed” No More: SEC to Adopt Flexible Rules for Crypto, Says Atkins
Main Idea
The SEC has announced 'Project Crypto' to modernize outdated regulations for blockchain-based securities, aiming to create flexible rules that accommodate innovation without forcing it into ill-fitting frameworks.
Key Points
1. SEC Chairman Paul Atkins introduced 'Project Crypto' to update regulations for blockchain-based securities and promote regulatory innovation.
2. Current SEC regulations were designed for traditional markets and need revision to fit blockchain structures.
3. Project Crypto will review existing rules to ensure a level playing field for both traditional and crypto markets.
4. Atkins emphasized avoiding a 'Procrustean bed' approach, where rigid regulations stifle innovation, and advocated for flexible, adaptive rules.
5. The initiative aims to address investor pricing and valuation issues in actively traded crypto markets.
Description
SEC’s Project Crypto to modernize outdated rules for blockchain-based securities. Tokenized assets gain regulatory focus for better market integration and efficiency. SEC targets investor protection and transparency in blockchain trading environments. Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission (SEC), has announced a new regulatory initiative called “Project Crypto.” The program’s goal is to integrate blockchain technologies directly into the U.S. capital markets. Th...
Latest News
- “Procrustean Bed” No More: SEC to Adopt Flexible Rules for Crypto, Says Atkins2025-08-05 14:39:39
- Over 1,000 Devs on Its Devnet, Cardano’s Midnight Shows Early Traction2025-08-05 13:40:52
- Weekly On-Chain Report (July 28 – Aug 3): Whales Bought $4.4 Billion in BTC and ETH as Retail Panicked2025-08-05 12:56:45
- Ethereum (ETH) Price Prediction for August 62025-08-05 12:05:50
- On-Chain Data Reveals the Real Driver of PUMP’s 11% Rally: Whale Buys2025-08-05 11:45:56