In August 2025, SEC Chairman Paul Atkins announced the initiative "Project Crypto" aimed at providing modern regulatory frameworks for crypto assets. This announcement marked a shift from previous enforcement-centric approaches.
New Direction for SEC Under Paul Atkins
According to Paul Atkins, "Project Crypto" envisions the development of a clearer and more innovative regulatory approach for the cryptocurrency market. This shift helps restore U.S. leadership in crypto finance.
Increased Access to Crypto ETPs for Institutional Investors
The SEC has also approved the creation of crypto ETPs, including bitcoin and ether, facilitating access for institutional investors while lowering trading costs. Atkins emphasized, "Investors will benefit from these approvals," highlighting a pro-innovation sentiment.
Bitcoin Market Changes Amid Regulatory Shifts
Currently, bitcoin is trading at $115,200.51 with a market capitalization of $2.29 trillion. Over the last 24 hours, its price has decreased by 2.60% but has increased by 19.22% over the past 90 days. These price fluctuations are part of an overall trend in the cryptocurrency market, which anticipates improvements due to new regulatory initiatives.
The SEC's initiatives to build a pro-innovation regulatory environment could significantly impact the cryptocurrency market, restoring the competitive edge of the U.S. in this sector.
