US SEC Chair: Project Crypto Initiative to Drive Comprehensive On-Chain Transformation of US Financial Markets, Paving the Way for the "World Crypto Capital"

According to ChainCatcher, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that we are at the dawn of a new era in market history. The SEC's Project Crypto initiative will enable the U.S. financial markets to transition on-chain. This project will serve as the North Star for the SEC, supporting President Trump’s vision to make the United States the “global capital of cryptocurrency” and maintain the country's leadership in the crypto asset market.

The SEC’s top priority is to swiftly establish a regulatory framework for the allocation of crypto assets in the United States, rather than imposing burdensome procedures and one-size-fits-all rules. This represents not only a shift in regulatory approach but also a generational opportunity.

Previous reports indicated that the U.S. SEC has launched the Project Crypto initiative to modernize securities regulations and promote the transition of markets onto the blockchain.