#ProjectCrypto The SEC's Blockchain Modernization Initiative
1. **Core Announcement & Regulatory Vision**
The U.S. Securities and Exchange Commission (SEC) launched **Project Crypto** on July 31, 2025, under Chair Paul Atkins. This initiative aims to overhaul "antiquated" securities regulations to enable **on-chain trading** of traditional assets (e.g., stocks, bonds) via blockchain technology. The goal is to position the U.S. as the global crypto capital, countering fears that excessive intermediation and rigid rules could drive innovation offshore. Key directives include:
- **Eliminating forced intermediation**: Allowing markets to function without unnecessary intermediaries where blockchain efficiency suffices.
- **Holistic risk-benefit analysis**: Evaluating blockchain's potential to enhance transparency, settlement speed, and cost reduction while addressing security risks.
