#ProjectCrypto

The Securities and Exchange Commission on Thursday presented the 'Crypto Project' — an initiative to modernize the rules governing securities to enable trading based on cryptocurrencies.

The statement came against the backdrop of a surge in interest in tokenization — the process of issuing digital representations of publicly traded securities or other assets on the blockchain.

The chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, discussed the importance of preventing the exodus of cryptocurrency companies overseas through 'universal rules'.