The SEC is launching the Crypto Project aimed at modernizing the regulation of digital assets in the U.S. and improving conditions for innovation in the crypto industry.
Goals of the Crypto Project
Under the leadership of Chairman Paul Atkins, the SEC has presented the Crypto Project, which aims to modernize U.S. securities rules. The project is focused on supporting self-custodial digital wallets, seen as an important aspect of financial freedom.
Changes in Cryptocurrency Regulation
Atkins emphasizes that most crypto assets should not be classified as securities, which could potentially alter enforcement measures. Commissioner Peirce leads the SEC Crypto Task Force working on new proposals.
Potential Market Consequences
The launch of the Crypto Project could lead to increased confidence among market participants and attract capital inflow into the cryptocurrency industry due to improved regulatory clarity. Historically, transparency in regulation promotes stability and growth in the market, particularly for major assets like ETH and BTC.
The Crypto Project by the SEC represents a strategic shift in the regulation of digital assets that could significantly impact the market, enhancing conditions for crypto innovations and investments.
