President Paul Atkins announced today the initiative in a statement, calling Crypto as “generational opportunity”.
Less than a year after the resignation of the President of Securities and Exchange Commission (SEC), Gary Gensler, the new SEC management announced today a new initiative, nicknamed “Project Crypto”, which aims to revise the traditional financial system with activations and integration of challenge.
The president of the SEC, Paul Atkins, published the declaration today, on July 31, praising Defi & Tradfi Super-Apps, “Big Beautiful Software Systems” and the role of crypto in the evolution of capital markets. President Atkins went so far as to close his declaration saying:
“This represents more than a change in regulation – it is a generational opportunity.”
President Atkins said in his declaration that Project Crypto is an “initiative on the scale of the Commission to modernize the rules and regulations of securities to allow America’s financial markets to move to research”. The President of the SEC has referred to the confusion around the application of the securities law to cryptographic assets and the regulatory policies of previous dry regimes by application.
The initiative is launched with the help of Commissioner Pro-Crypto Sec Hester Pierce, and is explicitly part of the Trump administration’s objective of making the United States known under the name of the “cryptographic capital of the world”-a feeling has been largely resolved in an extended set of cryptographic policy recommendations published yesterday by the working group on the digital assets of the White House.
Atkins continued in his statement saying: “America must make more than follow the rhythm of the revolution of digital assets. We have to drive it. “
The announcement marks a major discrepancy in the distance from the hostility of the previous administration towards the crypto, and DEFI in particular. The recent advancement of acts of genius and clarity, alongside Project Crypto, proves that the Trump administration was more than campaigning on the crypto for voting and collecting funds, which, according to many skeptics.
Atkins then slammed “the application by the Crusade” of the previous administration, directly calling “the Chokpoint 2.0 operation”, and promising to redo cryptographic companies that have fled the United States in recent years.
According to the press release, the next stage of the Commission is to develop a regulatory framework for “distributions of cryptographic assets” in the United States, which obviously means a new cryptography program and allow crypto titles to flourish in America. He then directly approached token actions and raw materials, saying that he had asked the staff to work with companies looking for the tokenization of titles.
