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U.S. SEC Launches 'Crypto Project' to Rewrite Digital Asset Rules
The chair of the U.S. Securities and Exchange Commission, Paul Atkins, announced the "Crypto Project," a plan aimed at adapting the agency to the digital finance era and establishing clear regulations for digital assets in the United States.
Atkins stated that the Crypto Project is a direct response to recommendations made in the recent report from the Presidential Working Group on Digital Assets, which he referred to as the "blueprint" for U.S. compliant crypto regulation. Atkins also wrote:
Many of the commission's old regulations have become outdated in the 21st century, particularly in the on-chain market. The commission must re-establish rules to avoid hindering innovation and competition, impacting the interests of a wide array of investors.
Atkins stated that the Crypto Project is a direct response to recommendations made in the recent report from the Presidential Working Group on Digital Assets, which he referred to as the "blueprint" for U.S. compliant crypto regulation. Atkins also wrote:
Many of the commission's old regulations have become outdated in the 21st century, particularly in the on-chain market. The commission must re-establish rules to avoid hindering innovation and competition, impacting the interests of a wide array of investors.
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