#SECProjectCrypto
The SEC's Project Crypto is a comprehensive initiative aimed at modernizing securities regulations to accommodate crypto assets and on-chain markets. Here's what you need to know :
- *Objective*: The project seeks to bring clarity, innovation, and global competitiveness to US markets by transitioning them to an on-chain infrastructure and transparent crypto rules.
- *Key Focus Areas*:
- *Clear Guidelines*: Developing clear guidelines for determining whether crypto assets are securities, and creating purpose-fit disclosures and safe harbors for token distributions.
- *Tokenization*: Facilitating the tokenization of equities, funds, and real-world assets to open doors for traditional and digital finance to merge.
- *Custody Requirements*: Modernizing custody requirements to allow non-security crypto assets and crypto asset securities to trade side-by-side on SEC-regulated platforms.
- *Super-App Functionality*: Enabling securities intermediaries to offer comprehensive services under a single license, including trading in non-security crypto assets, crypto asset securities, traditional securities, and services like staking and lending.
- *Benefits*:
- *Increased Innovation*: Allowing innovators to quickly enter markets with new business models without being hindered by outdated rules.
- *Improved Clarity*: Providing clear guidelines for market participants to determine whether a crypto asset is a security or subject to an investment contract.
- *Enhanced Competitiveness*: Positioning the US as a global hub for crypto innovation and capital formation.
The project is led by SEC Chair Paul Atkins and Commissioner Hester Peirce, with the goal of making the US a leader in the digital finance revolution .
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