The US Securities and Exchange Commission (SEC) has launched ‘Project Crypto,’ aimed at updating its regulations to better align with modern digital finance. This initiative responds directly to recommendations from the President's Working Group on Digital Assets, which serves as a foundational guideline for effective crypto regulation in the country. SEC Chairman Paul Atkins emphasized that many existing rules are outdated and ill-suited for today's on-chain markets, indicating the need for a significant overhaul of the regulatory framework. He stressed that these changes are essential to remove barriers that could stifle competition and innovation in the digital asset space, ensuring the SEC is equipped for the future of internet capital markets and on-chain finance. This step represents a strategic move to bolster the United States' position as a leader in cryptocurrency.

Source 🔗