SEC Chairman Paul Atkins officially announced a comprehensive regulatory initiative aiming to transition U.S. financial markets onto blockchain-based platforms.
Speaking in Washington, U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins revealed a new regulatory initiative dubbed "Project Crypto," based on the report issued by President Trump's working group. The initiative covers the classification of digital assets, tokenization, decentralized finance (DeFi) regulation, and the removal of barriers to innovation.
Atkins stated that the primary goal of the project is to solidify the United States' leadership in the global crypto sector. Highlighting the importance of carefully assessing the benefits and risks associated with shifting financial markets from traditional to blockchain-based systems, Atkins emphasized that innovative platforms such as DeFi would not face unnecessary regulatory obstacles.
Atkins also announced that the Crypto Task Force, led by Commissioner Hester Peirce, will soon draft proposals open to public commentary. With this regulatory move, the U.S. has taken another significant step toward becoming the global center of blockchain-based finance.
