The president of the SEC, Paul Atkins, announced on Thursday a transformative initiative nicknamed “Project Crypto”, pointing out a major change in American regulatory policy to cryptocurrency activities. The initiative aims to modernize the securities rules to bring cryptographic innovation to American markets, aligning with broader advice from the White House published the day before (1).
As part of the new framework, previously limited practices such as initial parts of parts (ICO), network parameters and rewards could soon operate in a structured regulatory environment. Atkins stressed that these reforms would eliminate the need for American exclusions in many cryptographic projects due to legal uncertainties (1). The SEC plans to introduce exemptions, disclosure and safe ports to support these activities while guaranteeing compliance with securities laws.
The initiative also addresses broader problems in cryptographic regulations. For example, he explores the potential of unauthorized platforms to exchange non -security cryptographic assets which are qualified as investment contracts – significant depression compared to existing policy (1). In addition, brokers and dealers will be authorized to offer both cryptographic assets and traditional titles within the framework of a rationalized license structure, allowing activities such as implementation and loans without multiple regulatory obstacles (1).
The key initiative initiative is the DEFI sector, which has long been a controversial problem for regulators. Atkins said that the SEC is working on an official regulatory category for DEFI systems and is committed to protecting the “pure software code publishers” while distinguishing intermediate and disintegrating financial activities (1).
The moment of the announcement is notable. It follows a 168 -page crypto policy report from the White House, which described large recommendations to support the cryptography industry. Many elements of this report are reflected in the new SEC initiatives (1).
Atkins stressed that the objective of “Project Crypto” is to promote innovation and ensure that the United States remains a competitive center for financial technology. He warned innovation to develop abroad while the American markets remain stagnant (1).
The initiative clearly marks the gap in the approach of the former SEC president, Gary Gensler, whose mandate was marked by a more strict examination of crypto projects. With the new framework, the SEC is positioned to support industry while maintaining investor protections and regulatory clarity (1).
Sources:
(1) The president of the Sec, Paul Atkins, reveals the Crypto project, the ICOs of Green Light, the Panes
