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Project Crypto: How the SEC Plans to Rewrite Digital Asset Rules SEC Chairman Paul Atkins launched Project Crypto to modernize digital asset regulations, declaring most cryptocurrencies are not securities. SEC Chairman Paul Atkins launched “Project Crypto” to modernize securities rules for digital assets and establish clear regulations Atkins declared “most crypto assets are not securities,” reversing previous SEC stance under Gary Gensler The initiative allows single licenses for multiple asset classes and creates exemptions for early-stage crypto projects Self-custody rights will be protected and “super-apps” offering multiple services under one license will be permitted The CFTC will have sole authority over spot crypto markets while SEC and CFTC share joint oversight responsibilities
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Bitcoin's price has recently experienced significant volatility. After reaching an all-time high of over $100,000 in December 2024, it has since declined to approximately $94,231. CoinTelegraph This fluctuation is attributed to several factors, including rising U.S. Treasury yields, which have increased pressure on risk assets like cryptocurrencies. Analysts caution that if Bitcoin falls below the $92,000 support level, it could further decline toward $90,000. MarketWatch Additionally, recent outflows from spot Bitcoin ETFs suggest a cautious stance among institutional investors. Investopedia Despite these challenges, the cryptocurrency community remains optimistic, especially with President-elect Donald Trump's promises to integrate Bitcoin into mainstream finance. The Times However, concerns persist regarding Bitcoin's volatility and the potential impact of increased government-held Bitcoin sales on the market.