Today (July 31, 2025), SEC Chair Paul Atkins launched a sweeping new regulatory initiative dubbed “Project Crypto”, setting the stage for integrating U.S. capital markets with blockchain technology. Key priorities include:

  1. Clear criteria to determine when crypto tokens count as securities

  2. Tailored disclosure requirements, regulatory exemptions, and safe harbors for digital asset offerings, airdrops, and network rewards

  3. Frameworks supporting tokenized securities, DeFi platforms, and “super‑apps” offering banking, crypto trading, and investment services under a unified license

This marks a major shift toward a crypto-friendly regulatory approach, aiming to bolster U.S. ambition to become the “crypto capital of the world”. The initiative aligns with recent Trump‑era executive orders and the broad recommendations from a 160‑page working group report released yesterday

Key Takeaways:

  1. Radical overhaul of rules to modernize securities laws around crypto-assets

  2. A push to enable token-based trading and digital finance infrastructure

  3. Regulatory clarity expected to attract innovation, institutional investors, and DeFi projects

What token categories or DeFi features should fall under safe harbor protections? How do you think “tokenized securities” will reshape traditional markets?

#ProjectCrypto #CryptoPolicy #Tokenization #DeFiRegulation #BinanceSquare