#ProjectCrypto
The Securities and Exchange Commission announces the "Crypto Project" to transfer American capital markets to the blockchain
The chairman of the Securities and Exchange Commission, Paul Atkins, announced the "Crypto Project", a comprehensive initiative to update securities regulations so that American capital markets can operate on the blockchain.
This regulatory change is the boldest that the Securities and Exchange Commission has undertaken in favor of innovation supported by cryptocurrencies. It follows the president Trump's creativity act and the report of the presidential task force.
What is the SEC's crypto project?
The "Crypto Project" is a comprehensive reform of the Commission's securities regulations to:
Enable blockchain-based markets (on-chain).
Clarify the legal rules for the issuance, trading, and custody of digital assets.
Prevent innovation from fleeing abroad.
Replace outdated 20th-century rules with blockchain-native policies.