SEC Launches 'Crypto Project': Is This Regulatory Net Closing or a New Starting Point for U.S. Web3?
To be honest, when I first saw the SEC (U.S. Securities and Exchange Commission) officially announce 'Project Crypto', the only two words that came to my mind were: closing the net.
In the past few years, the U.S. regulatory stance on the crypto industry has been in a 'high pressure but vague' state. You could say it opposes Web3, but it never made it clear; you could say it supports it, but every now and then it takes action against Coinbase and Binance, making the entire industry feel like it's dancing the tango on a tightrope.
But this time is different.
First, this is 'integration' not 'encirclement', but the threshold has been raised.
According to SEC disclosures, 'crypto projects' will cover two things: