The US Securities and Exchange Commission (SEC) Chairman Paul Atkins launched Project Crypto on Friday to modernize crypto rules and regulations. With clarity at its core, Project Crypto has been introduced to revolutionize the financial industry of the nation. Speaking on the television program Mornings with Maria, Atkins emphasized that the SEC is “mobilizing” to update guidance for digital assets through this new initiative.
“We are mobilizing all our different divisions and offices” to execute President Donald Trump’s crypto working group’s — President’s Working Group on Digital Asset Markets — suggestions to achieve the crypto-friendly credit.
Worth noting, the SEC chair highlighted that the agency doesn’t want digital assets to be kept in an unsafe way; instead, they should be stored securely with appropriate oversight. “The reason for doing all this and addressing these various regulations is to provide some certainty for people.”
Clarity and certainty at the heart
Moving forward with the discussion, Atkins noted that the key goal is to get clarity and certainty over digital assets. “It will be undergirded by whatever comes out of Congress, but I believe that we have authority to move forward in these areas and provide that certainty and clarity for people.”
Besides, Project Crypto promises to give custody and trading freedom, flexible rules for crypto startups, clear classification between securities and non-securities, regulatory space for DeFi protocols, tokenization, and on-chain trading, and super-apps for assets.
US rushes to become crypto capital
Among the multiple initiatives to make the US a crypto capital, Project Crypto stands as a landmark venture to enable the US markets to move on-chain. In July, the US celebrated Crypto Week to discuss and execute crypto bills, including, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) and the Stablecoin Tethering and Bank Licensing Enforcement Act (STABLE Act). The GENIUS Act for payment stablecoins was successfully executed after a dramatic marathon of votes from both Republicans and Democrats.
Since Trump’s presidency in 2025, the US has been experiencing several positive crypto developments, driving growth in the digital asset industry while increasing competition with other peer countries. However, several critics reportedly find these relaxed regulations to open the way for potential scams and fraud.
