The U.S. Securities and Exchange Commission (SEC) launches 'Project Crypto', starting on August 4, 2025, aimed at engaging small crypto startups.
SEC's Eight-City Tour
The SEC is kickstarting a national tour covering eight U.S. cities, beginning in Berkeley. The initiative involves discussions with crypto startups, emphasizing the importance of dialogue for creating new regulatory norms.
Impact on Bitcoin and Ethereum
The tour will focus on engaging early-stage startups for feedback on regulatory clarity in the realm of digital assets. Institutional investors are closely watching potential impacts on Bitcoin and Ethereum.
Focus Shift to Multi-Chain Projects
Previous SEC efforts concentrated on DeFi and stablecoin regulations. The new initiative expands its focus to include multi-chain projects and Layer 1, indicating possible significant changes in regulation for Bitcoin and Ethereum.
The launch of SEC's 'Crypto' project indicates a potential shift in the approach to regulations in the digital assets sector, which may positively impact investment and development within the crypto space.
