WIN BITCOIN
The US Securities and Exchange Commission (SEC) today announced Project Crypto, an initiative aimed at modernizing securities laws and putting Bitcoin and blockchain innovation at the center of America’s financial future. Backed by President Trump’s vision to make America the “crypto capital of the world,” the plan seeks to move financial markets on-chain and remove outdated regulations.
“Our goal is to help market participants to slot crypto assets into categories, such as digital collectibles, digital commodities, or stablecoins, and assess the economic realities of a transaction,” stated the Chairman of the SEC Paul S. Atkins. “This approach can allow market participants to determine, based upon clear guidelines, whether any outstanding promises or commitments of the issuer cause the crypto asset to be subject to an investment contract.”
Project Crypto aims to clear up the confusion and rules that have made it hard for digital assets to grow in the US markets. The SEC plans to create clear guidelines for how cryptocurrencies such as bitcoin can be stored, traded, and used, making it easier for more people and businesses to adopt it.
“We are at the threshold of a new era in the history of our markets,” Atkins commented. “As I mentioned earlier, today I am announcing the launch of ‘Project Crypto’—a Commission-wide initiative to modernize the securities rules and regulations to enable America’s financial markets to move on-chain.”
The initiative includes fast-track exemptions for innovation, updated guidance for decentralized finance, and a commitment to support self-custody and on-chain activity. According to Atkins, the agency will work to ensure that decentralized and centralized crypto services can operate freely in US markets without being held back by unnecessary red tape.
“Under my leadership, the Commission will encourage our nation’s builders rather than constrain them with red tape and one-size-fits-all rules,” he said. “While the Commission is actively considering industry requests that could jumpstart innovative activity, we are also contemplating an innovation exemption that would allow registrants and non-registrants to quickly go to market with new business models and services that do not neatly fit within our existing rules and regulations.”
With the GENIUS Act now law, support from both parties in Congress, and big changes coming to crypto rules, Project Crypto marks a major shift, putting Bitcoin and blockchain at the center of America’s economic and tech plans.
