### Report: The U.S. Securities Commission is considering updating the rules for custody of digital assets
In a move that strengthens the United States' position as a leading destination for cryptocurrency, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), revealed a new project to review the regulatory rules regarding the custody of digital assets, including the dealings of brokers and asset managers with them.
#### What does the "Crypto Project" include?
- Updating old regulations: Atkins pointed out that some of the currently applied rules "are 90 years old," necessitating their adaptation to the technological era.
- Protecting investors: Focusing on storing cryptocurrencies in secure places, away from unregulated solutions like "unsecured personal wallets."
- Coordinating with Congress: Relying on legislations such as the GENIUS Act and new legislative initiatives to ensure legal clarity.
#### Pushing for instant settlements using blockchain
Atkins confirmed that instant financial settlements (such as blockchain payments) could be the optimal solution, but they require mechanisms to correct errors, stating:
> "The longer the clearance time, the greater the risks of errors or black swan events."
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### Why is this step important?
- Attracting investments: The United States aims to become an attractive environment for global crypto projects.
- Facing competition: As countries like Singapore and the UAE increasingly adopt digital currencies, America seeks to maintain its financial leadership.
- Protecting users: Ensuring that digital assets are stored according to high security standards.
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In conclusion:
As the SEC and Congress move to establish a clear regulatory framework, we may witness a historic shift in how financial institutions deal with cryptocurrencies. Will America become a global hub for this market?