🔹 SEC Launches “Project Crypto”
The U.S. SEC has introduced Project Crypto, a major regulatory reform aimed at modernizing digital asset rules.
SEC Chair Paul Atkins says the initiative will streamline licensing, create clear distinctions between crypto commodities and securities, and offer regulatory grace periods for early-stage projects and DAOs.
“Legacy rules don’t fit today’s on-chain markets,” said Atkins.
Key points:
Unified licenses for multiple asset classe
Legal protection for self-custody
No forced DAO formation to escape regulation
This marks a major shift toward pro-innovation regulation in the U.S.
🔹 $44M CoinDCX Hack — Employee Arrested
In India, a CoinDCX engineer has been arrested in connection with the $44 million hack that hit the exchange in July.
Authorities say the hacker used the employee’s compromised laptop credentials to access company systems.
The employee denies involvement but admitted to freelance side gigs while still employed at CoinDCX.
CoinDCX urges against speculation as investigations continue.
ETHUSDT: −0.83%
BTCUSDT: −0.65%
Despite today’s dip, Ether posted its strongest monthly gain since July 2022, boosted by ETF inflows and on-chain treasury activity.
#WhiteHouseDigitalAssetReport #FOMCMeeting #ETHCorporateReserves #BNBATH #SEClaunches
