📅 July 31 | Washington, D.C., USA
In a move that could redefine crypto gaming in the United States, the new SEC Chairman, Hester Atkins, officially announced the launch of “Project Crypto,” an initiative aimed at modernizing the rules governing digital assets, with a special focus on on-chain projects.
Yes, the same SEC that for years sowed confusion and fear in the ecosystem now seems to be showing signs of openness… or more sophisticated oversight?
🔍 What is “Project Crypto” and why does it matter so much?
During a private conference with legislators, startups, and regulators, Atkins explained that the goal of “Project Crypto” is to update the existing regulatory structure for digital assets, recognizing that the current framework “was not designed for decentralized environments, nor for mechanisms like DAOs, programmable tokens, or validators.”
The focus will be on four main areas:
1. Clearer legal definitions to distinguish between utility tokens, securities, and stablecoins.
2. Automated disclosure mechanisms tailored to on-chain projects.
3. Specific rules for DAOs and validators, including fiduciary responsibility issues.
4. A permanent regulatory sandbox, where developers can operate with oversight and flexibility while scaling.
According to Atkins, the project does not seek to impose a traditional regulatory burden, but rather to work with the ecosystem to adapt compliance to new technological realities. To this end, he has enlisted legal teams from Coinbase, a16z, Avalanche, and Polygon as technical advisors for the process.
The announcement comes amid growing political pressure from Congress and the White House, which in recent weeks have shown a more proactive stance on comprehensive crypto regulation, driven by concerns about tax evasion, market manipulation, and consumer protection.
Topic Opinion:
"Project Crypto" is the SEC's first real attempt to leave behind its villainous role in the crypto industry and assume a more technical, collaborative, and, above all, up-to-date role.
Of course, there is skepticism (and rightfully so). Years of regulation through fear aren't erased with a statement. But if this project truly listens to the ecosystem and allows for the creation of clear rules without killing innovation, it could be a turning point for the development of legally viable on-chain infrastructure in the US.
💬 Do you believe in "Project Crypto" as a solution, or does it sound more like another attempt at control?
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