#ProjectCrypto SEC launches the 'Crypto Project' to modernize the regulation of crypto assets in the U.S.

The U.S. Securities and Exchange Commission (SEC) announced on Thursday, July 31, the 'Crypto Project'. This is a comprehensive initiative to modernize the rules of the financial market and promote the transition to a blockchain infrastructure. The announcement was made by SEC Chairman Paul S. Atkins during the event 'American Leadership in the Digital Financial Revolution', organized by the America First Policy Institute.

In his speech, Atkins argued that the world is on the brink of a new era. Therefore, he stated that the SEC cannot remain tied to an 'analog past'. In this sense, he emphasized the need for the U.S. to lead, rather than just follow, the digital asset revolution.

'The world is not waiting. The United States must do more than just keep pace with the digital asset revolution. We need to drive it forward,' he said.