#CreatorPad Latest Significant Developments:
• 🇺🇸 SEC Launches "Project Crypto" Initiative
Commissioner Paul Atkins revealed a comprehensive project aimed at supporting innovation in digital assets in the United States, through a clear determination of whether tokens are considered securities or commodities, and facilitating the regulatory interface for DeFi platforms and digital token trading, while expanding the SEC's role in market regulation.
• 🏛️ White House Report on Digital Asset Policy
A comprehensive 160-page report was issued by the Digital Asset Transfer Working Group, calling for updates to trading systems, standardizing roles between exchanges and brokers, and adopting unified frameworks for classifying assets and supporting regulatory innovation.
• 🇪🇺 Europe Warns of Dollar-backed "Stablecoin" Dominance
The European Central Bank expressed concern that the proliferation of dollar-backed stablecoins could undermine financial control in the euro area, while companies like PayPal choose to launch global services for digital currency payments.