#ProjectCrypto Professionals have positive opinions on #ProjectCrypto, an initiative launched by the United States Securities and Exchange Commission (SEC) to modernize cryptocurrency regulation and reposition the United States at the center of blockchain innovation. Here are some key points:
- *Objectives of Project Crypto*: The initiative aims to clarify the legal status of crypto-assets, allow super-apps combining brokerage, payments, and DeFi, integrate decentralized finance into regulated markets, and create a two-year exemption to test ICOs or airdrops.
- *Market Reactions*: Prices briefly surged after the announcement, but traders believe that initial optimism has given way to quick profit-taking. Ethereum has seen a 5% decline over 24 hours.
- *Leadership Opinions*: Some leaders, such as Brian Armstrong, Caitlin Long, and Ryan Selkis, welcome a "return to common sense" and believe that this initiative could bring back startups that moved to London, Dubai, or Singapore due to previous U.S. regulation.
- *Challenges Ahead*: Professionals emphasize that Congress must align this framework with the upcoming Digital Asset Market Structure Act to ensure complete legal security.
Experts seem to appreciate the SEC's approach to clarify the rules and establish a clear regulatory framework for cryptocurrencies. However, they remind us that the success of this initiative will depend on its implementation and alignment with other regulations.