#ProjectCrypto

The U.S. Securities and Exchange Commission (SEC) has officially announced “Project Crypto.” It is sweeping initiative to modernize and clarify how digital assets are regulated in the United States.

Unveiled by SEC Chair Paul Atkins during a landmark address at the America First Policy Institute, Project Crypto aims to bring clarity, innovation, and global competitiveness back to U.S. markets by transitioning them to an era of on-chain infrastructure and transparent crypto rules.

Fundamentally, Project Crypto is the most comprehensive revision to federal crypto regulation since blockchain’s inception.

To distinguish between a crypto security and a commodity, the SEC will offer clear definitions. In stark contrast to earlier SEC rulings under Gary Gensler, Atkins said that “the majority of crypto assets are not securities.”

New, customized disclosure guidelines and grace periods for network tokens, airdrops, and initial coin offerings (ICOs) intend to promote innovation by allowing early-stage initiatives to develop before coming under close regulatory scrutiny.