WHAT IS THE PROJECT CRYPTO PRESENTED BY THE SEC🎯
The new cryptocurrency rules announced yesterday by the SEC in the USA represent a profound reform to adapt regulation to emerging digital markets. Chairman Paul Atkins presented the "Project Crypto", a plan to clarify when a digital token is to be considered a security, defining precise guidelines for the distribution, custody, and trading of cryptocurrencies.
Among the key changes, the SEC will aim to facilitate the offering of tokenized securities and allow the creation of "super-apps", platforms that integrate financial and crypto services with a single license, thus simplifying compliance for brokers and investors. An update of the rules is also expected to take into account smart contracts and decentralized finance (DeFi), while still maintaining investor protection and market integrity.
Another relevant aspect is the intention to recognize the right to self-custody of one’s cryptocurrencies while carefully regulating authorized intermediaries. Additionally, the SEC is working in synergy with other legislative initiatives, such as the CLARITY Act, which aims to clearly outline the regulatory roles between the SEC and CFTC on digital assets and stablecoins.
This approach aims to transform the USA into a global leader in crypto innovation, balancing innovation, security, and transparency for investors and traditional financial markets.