SEC launches “Project Crypto” – Traditional Finance Meets Blockchain

On July 31, 2025, SEC Chair Paul Atkins introduced Project Crypto, a sweeping initiative to modernize securities rules and enable tokenization of stocks, bonds, and commodities on-chain, guided by a 160-page report from the President’s Working Group Bitcoin

✅ Key highlights:

New classification standards for tokens (securities, stablecoins, digital commodities)

Faster settlement enabled by blockchain (potential path toward T+0 trading)

Support for unified trading platforms combining traditional securities and crypto assets

⚠️ Important caveats:

The rumored 2027 deadline for full on-chain transition is unconfirmed

No official endorsement of Binance or BNB by the SEC

Adaptation by incumbents like BlackRock, JPMorgan remains a central question