#ProjectCrypto The SEC's "Crypto Project" (Securities and Exchange Commission of the United States) is an initiative that represents a significant shift in the regulator's stance towards the crypto asset market. The main objective of the project is to modernize securities rules, making the U.S. the "global capital of cryptocurrencies."

The plan, led by SEC Chairman Paul Atkins and Commissioner Hester Peirce, seeks to create a clearer and more flexible regulatory environment for the digital asset market, in contrast to the previous chairman Gary Gensler's "regulation by enforcement" approach.

Main Objectives of the Crypto Project:

* Make the U.S. a leader in crypto innovation: The initiative aims to attract cryptocurrency companies and businesses that had left the country due to regulatory uncertainty.

* Modernize the rules: The SEC plans to reformulate rules for the distribution, custody, and trading of crypto assets, focusing on simplicity and clarity. The idea is to use temporary rules that do not hinder innovation and entrepreneurship.

* Collaboration between agencies: The SEC and the Commodity Futures Trading Commission (CFTC) are to share oversight of the sector, with the CFTC receiving exclusive authority over spot crypto asset markets.

* Encourage asset tokenization: The project also aims to promote the adoption of blockchain-based systems and the tokenization of traditional assets, such as stocks.

Enforcement Unit

In parallel with the Crypto Project, the SEC also restructured its enforcement unit. The former "Crypto Assets and Cyber Unit" has been replaced by the "Cyber and Emerging Technologies Unit" (CETU), which focuses on combating technology-related fraud and protecting retail investors. Although the new unit still deals with fraud in crypto assets, the change signals a less enforcement-focused approach to technical or registration issues.

These initiatives indicate a new era for the regulation of crypto assets in the U.S., with the intention of creating a regulatory framework that balances investor protection with innovation incentives.