$Procrustes' Bed$ no longer exists: The Securities and Exchange Commission (SEC) will adopt flexible rules for cryptocurrencies, says Atkins.

"Procrustes' Bed" no longer exists: The Securities and Exchange Commission (SEC) will adopt flexible rules for cryptocurrencies, says Atkins.

The SEC's "Crypto" project aims to modernize outdated rules for securities based on blockchain.

Tokenized assets are attracting the attention of regulators for better market integration and efficiency.

The U.S. Securities and Exchange Commission (SEC) aims to protect investors and ensure transparency in the blockchain trading environment.

Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), announced a new regulatory initiative called the "Crypto Project." The goal of the program is the direct integration of blockchain technologies into U.S. capital markets. The project will focus on rewriting existing securities market rules to account for the new economy of digital assets and will allow for increased on-chain market activity.