#ProjectCrypto On July 31, 2025, SEC Chair Paul S. Atkins unveiled “Project Crypto”, a Commission‑wide initiative to modernize U.S. securities regulations and enable financial markets to operate on-chain . The agenda includes drafting clear rules for crypto asset distribution, custody, and trading, introducing an innovation exemption for early‑stage and decentralized projects, and supporting super‑app platforms that consolidate traditional securities and tokens under one license . Project Crypto aims to bring asset issuance onshore, clarify what constitutes a tokenized security vs. commodity, and position the U.S. as the global leader in digital asset markets .