#SECProjectCrypto On July 31, 2025, SEC Chairman Paul Atkins launched "Project Crypto," a bold initiative to modernize U.S. securities regulations and position America as the "crypto capital of the world," aligning with President Trump's vision. This commission-wide effort aims to shift financial markets onto blockchain by creating clear rules for crypto asset distributions, custody, and trading. Atkins emphasized that most crypto assets are not securities, challenging past SEC stances, and directed staff to draft guidelines distinguishing securities from commodities. The plan includes tailored disclosures, exemptions for ICOs and airdrops, and support for tokenized assets and "super-apps" under single licenses. Following the President's Working Group report, Project Crypto seeks to reverse the regulatory exodus of crypto firms, fostering innovation while protecting investors. Critics worry about potential fraud risks, but Atkins promises a balanced approach, leveraging the Crypto Task Force led by Commissioner Hester Peirce. This move marks a departure from previous enforcement-heavy policies, aiming to lead globally in digital finance. The initiative reflects bipartisan support, including the GENIUS Act, and plans to engage stakeholders nationwide.