SEC Launches ‘Project Crypto’ Initiative to Make America the ‘Crypto Capital of the World’
Main Idea
The SEC has launched 'Project Crypto' to establish regulatory frameworks for digital assets, aiming to make America a global leader in cryptocurrency by facilitating onshoring, modernizing custody rules, and introducing innovation exemptions.
Key Points
1. SEC Chairman Paul Atkins announced 'Project Crypto' on July 31, 2025, to create regulatory frameworks for digital asset trading and strengthen U.S. leadership in crypto.
2. The initiative follows a White House report advocating policies to prevent fintech firms from moving offshore due to regulatory uncertainty.
3. The SEC plans to develop guidelines for tokenized securities and allow 'super-app' functionality for integrated trading platforms under a single license.
4. Modernized custody rules replace the previous 'special-purpose broker-dealer' framework, with SAB 122 replacing SAB 121.
5. An innovation exemption is being considered to streamline market entry for new business models, with principles-based compliance for token standards like ERC3643.
Description
Securities and Exchange Commission (SEC) Chairman Paul Atkins announced the launch of “ Project Crypto ” on July 31, a comprehensive initiative designed to modernize securities regulations and allow America’s financial markets to move on-chain. The announcement came during a speech at the America First Policy Institute, where Atkins outlined plans to bring crypto asset distributions back to America and establish regulatory frameworks for digital asset trading. JUST IN: SEC launches 'Project Cryp...
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