SEC’s ‘Project Crypto’ Could Transform Wall Street Forever — Say Bernstein’s Analyst

The U.S. Securities and Exchange Commission (SEC) has unveiled 'Project Crypto,' a groundbreaking initiative that could redefine Wall Street's approach to digital assets. Led by Paul Atkins, the project aims to position America as a leader in blockchain innovation by clarifying regulatory frameworks for tokenized securities.

Years of regulatory ambiguity have driven crypto firms offshore, but Project Crypto signals a potential reversal. Atkins framed the initiative as part of a historical continuum—from the NYSE's founding in 1792 to electronic trading's rise—now pivoting to blockchain adoption. The plan would enable U.S. firms to issue tokenized stocks and bonds while creating compliant trading platforms.

Bernstein analysts hail it as the most ambitious regulatory vision for crypto to date. 'This isn’t just catch-up—it’s a blueprint for dominance,' one analyst noted. The MOVE could stem the exodus of crypto businesses while attracting capital back to U.S. markets.