SEC Chair Announces ’Project Crypto’ to Move Financial Markets Onchain

SEC Chair Paul Atkins unveiled a landmark initiative called 'Project Crypto,' aimed at modernizing securities regulations to facilitate the migration of U.S. financial markets onto blockchain technology. The announcement, made during a speech at the America First Policy Institute, signals a potential paradigm shift in market infrastructure.

While details remain sparse, the proposal represents the most significant regulatory endorsement of onchain markets to date. The move follows a tepid crypto policy report from President Trump's working group, with Atkins' bold vision injecting fresh momentum into institutional crypto adoption.

Market observers noted the historical significance of a sitting SEC chair advocating for blockchain-based financial markets, though questions linger about implementation timelines, coexistence with traditional systems, and international participation.