On July 31, 2025, the U.S. SEC launched #ProjectCrypto , an ambitious initiative presented by its chairman, Paul S. Atkins, to modernize financial regulation and facilitate the transition to a blockchain-based infrastructure. The project aims to clarify the classification of crypto assets, relax rules for funding through ICOs and airdrops, allow decentralized custody, and eliminate obsolete regulations. Led by Commissioner Hester Peirce, it responds to recommendations from the President’s Working Group on Digital Asset Markets. The initiative marks a pro-crypto regulatory shift, positioning the U.S. as a global leader in digital financial innovation and tokenized markets.