In July 2025, SEC Chairman Paul Atkins announced the launch of **Project Crypto** — an ambitious initiative aimed at modernizing the regulation of digital assets in the US. This project is a response to the report of the Presidential Working Group on Digital Assets and supports President Trump's vision of making America the 'crypto capital of the world.'
**Project Crypto** aims to rewrite outdated SEC rules to foster innovation and bring crypto businesses back to the US. Key areas include simplifying licensing, clearly defining the status of crypto assets, supporting the tokenization of traditional assets, and developing 'super apps' that combine cryptocurrency trading, securities, and other services under one license. Atkins emphasized that most crypto assets are not securities, eliminating confusion regarding regulation.
The initiative also includes protecting the right to self-custody of assets and supporting decentralized systems, such as automated market makers. This opens doors for innovation in DeFi and tokenization, which could strengthen the US's position in the global crypto race.
**Project Crypto** promises a new era for the crypto market, promoting competition and attracting investors. Stay tuned for updates to keep informed about changes! #MiningUpdates
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