SEC Launches ’Project Crypto’ to Modernize U.S. Financial Regulations for Blockchain Integration

The U.S. Securities and Exchange Commission (SEC) has unveiled 'Project Crypto,' a landmark initiative spearheaded by Chairman Paul Atkins. The project seeks to overhaul 90-year-old financial rules, positioning the U.S. as a global leader in blockchain innovation. By integrating digital assets into the legal framework, the SEC aims to prevent regulatory arbitrage and retain competitiveness in the rapidly evolving crypto landscape.

Key to the initiative is the GENIUS Act, which provides a structured approach to regulating token launches and custody solutions. The SEC's mobilization across all departments reflects a concerted effort to adopt recommendations from the President’s Working Group on Digital Assets. "Clarity and the Genius Act will guide our policies," Atkins emphasized during a recent media appearance, underscoring the urgency of modernizing outdated systems.

Market participants view this as a pivotal step toward institutional adoption. While no specific coins or exchanges are directly named in the announcement, the regulatory clarity could benefit major assets like BTC and ETH by reducing compliance uncertainty. The move signals a shift from reactive enforcement to proactive framework-building—a potential catalyst for broader crypto market maturation.