#ProjectCrypto

Highlights: SEC launches “Project Crypto”

• On July 31, 2025, SEC Chairman Paul Atkins announced the launch of “Project Crypto,” an initiative designed to stimulate the development of the digital asset industry in the United States. This marks a sharp turn from the previous strict policy to a more innovative approach to regulation.

Key objectives of the program:

1. Clear criteria for defining tokens as securities, commodities, or stablecoins.

2. Support for “super-apps” that combine brokerage and crypto brokerage functions (trading, staking, and service provision) under a single license.

3. Integration of DeFi and tokenized financial assets into traditional markets — barriers to innovation are expected to be lowered.

4. Use of special exemptions and simplified procedures for ICOs, airdrops, and network rewards to minimize regulatory risks and encourage legal capital raising.