#ProjectCrypto SEC Chairman Paul Atkins officially announced "Project Crypto"

This initiative aims to modernize the securities legal framework, bringing the U.S. financial market into the on-chain era. A part of the strategy to realize President Trump's vision: to make America the global Crypto hub.

5 pillars of Project Crypto:

1. Classification of digital assets (securities, commodities, stablecoins...) with specific guidelines.

2. Attracting businesses back to America, supporting the legal issuance of tokens in the U.S.

3. Protecting self-custody rights, updating regulations for financial institutions holding digital assets.

4. Allowing all-in-one platforms (integrating securities, crypto, staking, lending...) to operate with one license.

5. Protecting developers, supporting DeFi activities like AMM to operate legally.

Right after the news released on 31/7.

The market is blood red.