'Project Crypto' initiated under Paul Atkins may significantly alter the U.S. approach to cryptocurrencies and digital finance.
Making America a Blockchain Leader
For years, U.S. crypto companies have struggled with unclear and confusing regulations, leading many to move overseas. With the launch of Project Crypto, the SEC aims to bring this innovation back to the U.S. Atkins made this announcement during a speech where he called for a transition to the blockchain era, akin to historical milestones in the stock market.
Clearer Rules, Simpler Access
Atkins plans to categorize digital assets into clear groups such as digital commodities, stablecoins, and collectibles, which he believes will eliminate confusion. The project also supports the creation of tokenized securities in the U.S., avoiding offshore routes. Licensed broker-dealers will be able to offer both crypto and traditional products without needing approvals from both state and federal agencies.
DeFi Meets Regulation
SEC also plans to legally enable decentralized finance (DeFi) tools such as automated market makers and on-chain lending. This opens up opportunities for 24/7 trading, instant settlements, and cross-asset lending within a regulated environment.
Thus, America sets ambitious goals regarding digital finance and aims to take a leading position in the global blockchain market.
