š SEC Unleashes Project Crypto ā U.S. Aims to Become the Crypto Capital of the World
What just dropped (July 31āAugust 1, 2025): U.S. SEC Chair PaulāÆAtkins unveiled Project Crypto, a sweeping regulatory overhaul to modernize digitalāasset rules and enable onāchain finance across traditional markets.
Key elements:
Clear token classification ā crypto assets are no longer assumed securities. Compliant frameworks will distinguish between securities, commodities, stablecoins and collectibles.
Unified brokerāÆlicense (āsuperāappsā) ā firms can offer trading, staking, tokenization, NFT markets and DeFi services under one regulatory roof.
Safe harbors for innovation ā earlyāstage ICOs, airdrops, decentralized protocols and DAOs get defined exemptions and grace periods.
Tokenized securities onāchain ā the SEC will work with firms to issue digital asset versions of equities and funds, and allow trading on federally regulated platforms.
Enhanced selfācustody rights & modern custody rules ā individuals gain legal clarity to hold crypto directly, while custodial frameworks receive regulatory relief.
Why it matters:
Marks a dramatic shift from āregulation by enforcementā under previous leadership toward regulation by clear, predictable rulemaking.
Sends a strong signal that crypto businesses may return to the U.S., reversing the exodus caused by past regulatory uncertainty.
Could accelerate mainstream adoption through regulated tokenized finance, which provides 24/7 markets and realātime settlements.