Paul Atkins Announces SEC’s Project Crypto for Clear Crypto Regulation

The U.S. Securities and Exchange Commission (SEC) is shifting its regulatory approach to cryptocurrencies, signaling an end to the era of uncertainty. SEC Chairman Paul S. Atkins unveiled Project crypto at the OECD Roundtable on Global Financial Markets in Paris, aiming to provide clear frameworks for token launches and compliance.

Project Crypto represents a departure from the SEC's previous reliance on enforcement actions, which critics argued stifled innovation and drove startups overseas. The initiative will modernize securities laws, clarify token classifications, and offer entrepreneurs a predictable regulatory path.

Atkins emphasized the SEC's MOVE away from 'regulation by enforcement,' pledging to define which tokens qualify as securities. This shift could provide legal clarity for startups and foster innovation in the digital asset space.