The US Securities and Exchange Commission (SEC) has launched ‘Project Crypto,’ a major initiative aimed at modernizing its framework to better regulate digital assets in the United States. SEC Chairman Paul Atkins announced this initiative as a response to recent policy recommendations from the President's Working Group on Digital Assets, which he described as a blueprint for effective crypto regulation. According to Atkins, many existing rules are outdated and fail to accommodate the unique aspects of digital finance, particularly on-chain markets. He emphasized the need for updated regulations that do not impede competition or innovation, ensuring that both new players and established firms can operate effectively in the evolving landscape of finance. Project Crypto is considered a critical step towards maintaining US leadership in the crypto sector, aiming to adapt the SEC’s regulations to meet the needs of 21st-century finance.

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