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SEC Chair Paul Atkins has announced Project Crypto, an agency-wide effort to reshape how the SEC regulates digital assets. The project aims to open a formal rulemaking process for crypto, shifting away from the prior enforcement-heavy posture.
What’s the Scoop?
- Regulatory Overhaul Begins: Project Crypto will examine existing securities rules that impact token issuance, trading, custody, and onchain financial activity.
- Classification Framework Coming: The SEC plans to define asset categories, distinguishing between securities, commodities, stablecoins, and utility tokens.
- Custody and Issuance Revisions: Proposed changes will cover self-custody, token launches, and qualification pathways for blockchain-based asset managers.
- Trading Permissions Under Review: The agency may permit exchanges to list both security and non-security tokens under a single license, including support for staking, tokenized equities, and other onchain primitives.
- Policy Context: The initiative follows pressure from Congress, recent legislation like the GENIUS Act, and shifting political signals favoring domestic crypto adoption.
Thank you, @A1Policy, for hosting me today to discuss “Project Crypto,” which will be the SEC’s north star in aiding the President in his efforts to make America the “crypto capital of the world.”
— Paul Atkins (@SECPaulSAtkins) July 31, 2025
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