SEC's Cryptocurrency Project - Regulatory Overhaul to Make America Lead the Digital Currency Race

The U.S. Securities and Exchange Commission has launched the "Crypto Project," which challenges the future of digital Wall Street, unveiling the most transformative reform of U.S. securities rules in a generation to allow the flourishing of digital assets. Under the bold vision of Chair Gensler, the mission becomes clear: tearing up the old rulebook that excluded cryptocurrencies and making tokenization the beating heart of American innovation.

"Our regulatory framework should not be tethered to an outdated analog past that is ill-suited for new horizons. The future is arriving at full speed, and the world is not waiting. This is a moment that requires American ambition, and instead of merely keeping up, the United States must lead it with a project that can unleash it - the Crypto Project," stated Gensler, according to a research note from Bernstein explaining the most impactful aspects of the project.

Re-innovating cryptocurrency at home: Resettlement and rewriting the rules

Ending the era of cryptocurrency exile - a result of overregulation during the Gensler years - begins with bringing innovation back to America. The SEC intends to use its interpretive and exemptive powers to ensure that old laws do not stifle local entrepreneurship.