#ProjectCrypto

The US SEC's Project Crypto is a comprehensive initiative aimed at modernizing securities regulations for crypto assets. Launched by SEC Chair Paul Atkins, the project seeks to bring clarity, innovation, and global competitiveness to US markets by transitioning them to an on-chain infrastructure.

*Key Objectives:*

- *Clear Guidelines*: Develop clear rules for determining whether crypto assets are securities, and provide guidelines for token classification and distribution.

- *Tokenized Securities*: Support the tokenization of traditional assets like stocks and bonds, and enable their trading on SEC-regulated platforms.

- *Super Apps*: Allow securities intermediaries to offer comprehensive services under a single license, including trading in securities and non-security crypto assets, staking, and lending.

- *Self-Custody*: Recognize the right to self-custody crypto assets as a core American value, and modernize custody rules to facilitate the custody of crypto assets.

- *On-Chain Software*: Update regulations to support the integration of on-chain software systems, including decentralized finance (DeFi) tools, into US securities markets.

*Goals:*

- *Boost Innovation*: Encourage innovation and capital formation in the US crypto industry.

- *Increase Competitiveness*: Make the US a global hub for crypto innovation and investment.

- *Provide Clarity*: Reduce regulatory uncertainty and provide clear guidelines for market participants.

*Implementation:*

- The SEC will work with its Crypto Task Force to develop draft rules and hold public comment periods.

- Early pilots in tokenization, DeFi, and digital asset custody are expected to launch in the coming months.