SEC’s Project Crypto: Transforming U.S. Digital Asset Rules
Main Idea
The SEC has launched Project Crypto to establish clear rules for the crypto market, focusing on classifying digital tokens and supporting innovation while adapting regulations for new business models like DeFi.
Key Points
1. Project Crypto is announced by SEC Chairman Paul Atkins and will be implemented based on recommendations from the Presidential Task Force on Digital Markets.
2. The SEC aims to develop clear criteria for classifying digital tokens to guide both the agency and market participants.
3. The initiative includes broadening options for crypto trading venues, allowing non-securities to be listed on SEC-registered platforms.
4. The SEC is considering an 'innovation exception' to adapt rules for market makers, moving away from rigid legacy frameworks.
5. Project Crypto builds on the GENIUS Act and is designed to unlock the potential of the U.S. digital asset market without confining the industry.
Description
The U.S. Securities and Exchange Commission (SEC) has launched Project Crypto, a major initiative designed to overhaul digital asset regulation in the United States. Announced by SEC Chairman Paul Atkins and supported by the Trump administration, the program’s goal is to establish the country as a global leader in the crypto economy while offering legal certainty, expanded custodial freedoms, and regulatory support for decentralized solutions. Clear Rules for the Crypto Market Project Crypto wil...
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