U.S. SEC Unveils “Project Crypto” Initiative

On July 31, SEC Chair Paul Atkins announced “Project Crypto”, a new regulatory overhaul aimed at reducing uncertainty for digital assets. The initiative seeks to clarify classifications of crypto tokens, enable tokenized securities, and support “super-apps” that integrate trading, staking, and lending. Seen as a shift away from former SEC Chair Gary Gensler’s strict stance, this aligns with policy recommendations from a presidential crypto working group. Market reaction has been optimistic, anticipating clearer rules and innovation spurred by legal reform.