The Crypto Project is an initiative of the United States Securities and Exchange Commission (SEC) aimed at modernizing capital market rules and allowing American exchanges to operate using blockchain technology. The goal is to remove legal barriers so that traditional assets, such as stocks and bonds, can be issued and traded on public blockchain networks.
*Key points of the Crypto Project:*
- *Tokenization of assets*: allowing traditional assets to be tokenized and traded on blockchain
- *Decentralized finance (DeFi)*: creating a separate category for DeFi protocols and distinguishing code developers from financial intermediaries
- *Super apps*: allowing platforms that combine financial, social, and payment services to operate with a more efficient licensing structure
- *Regulatory innovation*: working together with other agencies to implement recommendations from the White House Digital Asset Markets Working Group
The Crypto Project marks the largest regulatory restructuring in the SEC's recent history and could be a significant step towards the adoption of blockchain technology in traditional financial markets.