The Crypto project introduced by SEC Chairman Paul Atkins aims to modernize securities regulation, creating opportunities for clear and transparent cryptocurrency trading in the United States.
This project focuses on providing clear guidelines for cryptocurrency classification, simplifying licensing procedures, and promoting innovation in the cryptocurrency finance sector.
MAIN CONTENT
The Crypto project promotes reforms in securities laws to drive cryptocurrency innovation in the United States.
The SEC may withdraw its appeal in the Ripple case, confirming that XRP is not a publicly traded security.
The project provides clear support for classification, safe custody, and management of super applications in the cryptocurrency space.
Will the SEC withdraw its appeal in the Ripple case within the Crypto project framework?
The Crypto project aims to promote cryptocurrency innovation, but the prolonged Ripple case is viewed as a hindrance to creativity. Ripple has accepted a $125 million penalty and withdrawn its counter-appeal, facilitating the SEC's withdrawal of its main appeal.
The SEC's withdrawal of its appeal will make Judge Torres's ruling that XRP is not a security a final decision. The deadline for reporting the status of the case is 15/8/2025, with expectations that the SEC acts transparently, supporting financial innovation.
The resolution of the Ripple case is anticipated by experts and the cryptocurrency community to alleviate legal uncertainty, thereby creating a favorable environment for development.
We cannot stand by silently. We will lead, build, and ensure the next chapter of financial innovation is written right here in the United States.
Paul Atkins – SEC Chairman, 31/7/2025
What are the highlights of the Crypto project in regulatory reform?
The project focuses on providing a clear definition of when cryptocurrencies are considered securities or investment contracts, helping investors and businesses comply easily.
The SEC will consider exemptions and safe harbors for cryptocurrency securities transactions while updating custody regulations to adapt to the specific characteristics of digital assets. This policy aims to reduce significant legal barriers.
Notably, the project also encourages the development of 'super applications' – a business model integrating many services under one license, instead of requiring multiple licenses across states, enabling businesses to operate more efficiently in the market.
How does the Crypto project promote innovation in the cryptocurrency market?
The SEC is expanding the legal framework to support both registered and unregistered businesses to quickly launch new products into the market, even if those products do not fully comply with current regulations.
This strategy helps the United States maintain its leading position in the digital financial revolution, facilitating the development of many cryptocurrency projects without being hindered by outdated legal barriers.
This is expected to improve the quality of management while encouraging healthy competition among entities in the DeFi market.
Our mission is to build a clear and flexible legal corridor, ensuring safety for investors and facilitating the development of digital technology in finance.
Paul Atkins – SEC Chairman, official statement on the Crypto project, 31/7/2025
What do experts think about the future of cryptocurrency after the Crypto Project?
Many financial and legal experts believe that the Crypto project will minimize legal risks, creating a transparent environment for trading and developing cryptocurrency in the United States.
The prompt resolution of the Ripple case is seen as an important step, setting a precedent for future disputes while protecting the interests of market participants.
Data from industry reports show impressive growth of cryptocurrencies when there is a solid legal framework, boosting trust and participation from a wide range of investors.
Frequently Asked Questions
What is the Crypto project?
The Crypto project is an initiative by the SEC to modernize securities laws to create a clear legal framework, promote innovation, and protect users in the cryptocurrency space in the United States.
Can the SEC withdraw its appeal in the Ripple case?
With the current process, the SEC may withdraw its appeal, making the judge's ruling that XRP is not a security a final decision, paving the way for legal transparency.
How does the Crypto project affect cryptocurrency businesses?
The project helps simplify procedures, clarify cryptocurrency classification, and support the development of super application models, facilitating efficient business operations.
How does this project promote financial innovation?
It expands opportunities for both registered and unregistered businesses, allowing for rapid product launches while maintaining the United States' pioneering position in the digital finance sector.
Who is leading the Crypto project?
SEC Chairman Paul Atkins initiated and led the Crypto project, aiming to modernize regulations to promote innovation in cryptocurrency finance.
Source: https://tintucbitcoin.com/ripple-dan-xep-kien-du-an-moi-bat-dau/
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