SEC Expands Crypto Rules, Launches Project Crypto

The U.S. Securities and Exchange Commission (SEC), chaired by Paul Atkins, has launched 'Project Crypto' to modernize securities regulations and make the U.S. a leader in digital assets. The initiative now encompasses clear regulatory frameworks for cryptocurrencies, DeFi protocols, and tokenized securities, reflecting a major shift from previous enforcement-heavy policies. Industry leaders, including Jake Chervinsky and Tim Draper, have lauded the effort for promoting innovation and legal clarity. The initiative is supported by Treasury Secretary Scott Bessent’s endorsement of a 'golden age of crypto' and the recent enactment of the GENIUS and CLARITY Acts. The SEC is engaging in national outreach to crypto startups and backing the development of advanced 'super apps' offering trading, custody, and staking. Early results include increased market optimism, trading volumes, and expanded offerings from major platforms like Coinbase.