SEC Chairman Atkins commits to fully embracing innovation with the 'Crypto Project'

SEC Chairman Paul Atkins has reaffirmed the agency's commitment to changing its approach to cryptocurrency. At an event in Wyoming, he stated that the SEC will no longer pursue a 'regulation by enforcement' policy and wants to 'fully embrace innovation.'

The 'Crypto Project' and its goals

#Atkins has announced the 'Crypto Project,' an ambitious initiative aimed at attracting cryptocurrency businesses to the U.S. This initiative includes providing specific tools such as exemptions and a 'safe harbor' for various token issuance forms, including ICOs and airdrops.

A significant shift in Atkins' perspective compared to his predecessors is his belief that the majority of cryptocurrency tokens are not securities. This marks an important turning point in the regulatory policy of #SEC , aligning with the cryptocurrency policy recommendations of the Trump administration.

Collaboration and impact

The announcement of the Crypto Project came just a day after the $TRUMP administration unveiled detailed cryptocurrency policy recommendations, guiding the SEC to loosen regulations for crypto companies and projects. This shows a close coordination between the administration and the regulatory agency.

This change has immediately prompted crypto companies and lobby groups, such as Andreessen Horowitz and the DeFi Education Fund, to make specific requests. They hope the SEC will create clearer regulations, allowing developers and projects to operate without fear of unexpected lawsuits. #anhbacong