Today, SEC Chairman Paul Atkins introduced a new initiative called Project Crypto aimed at bolstering the United States' position in the digital assets sector.
Objectives of Project Crypto
Atkins stated that the primary goal of the project is to strengthen the US's global leadership in the field of digital assets. He emphasized the importance of the US participating in the digital revolution: 'America must lead this revolution.'
Paul Atkins' Statements on Future Cryptocurrency Regulation
In his speech, Atkins indicated that the SEC would cease its passive stance towards technological advancements outside the country. 'Under my leadership, the SEC will not simply watch innovations flourish abroad,' he noted.
Steps Toward Implementing New Rules
Atkins also announced the first steps regarding the project, urging Commission staff to prepare 'clear and simple rules' for the distribution, storage, and trading of cryptocurrencies. He clarified that most cryptocurrencies are not securities and promised to reduce bureaucratic hurdles for entrepreneurs.
The Project Crypto initiative under Paul Atkins' leadership could significantly impact cryptocurrency regulation in the US, opening new opportunities for technology companies.
