31.07.2025 23:58

SEC Chairman Paul Atkins has launched "Project Crypto," a comprehensive initiative aiming to revitalize the US crypto market. This ambitious plan involves significant regulatory changes, effectively reversing many of the restrictions imposed under his predecessor. The announcement follows closely on the heels of the White House's own cryptocurrency policy recommendations, suggesting a coordinated effort towards a more crypto-friendly regulatory environment.

Atkins's sweeping speech, delivered near the White House, outlined a series of planned actions. These include the creation of tailored disclosure requirements, exemptions, and safe harbors for a broad range of crypto activities, encompassing initial coin offerings (ICOs), airdrops, and network rewards. The chairman explicitly stated his intention to foster innovation within the US, rather than allowing it to flourish elsewhere.

Project Crypto's impact extends far beyond simply permitting ICOs and airdrops. The initiative tackles complex issues such as exemptions for crypto transactions governed by securities laws, addressing the unregistered trading of crypto asset investment contracts, and providing crucial legal protection for decentralized software developers. Essentially, the project aims to unlock numerous activities previously deemed too risky under existing regulations.

The stated goal is to encourage a surge in crypto innovation within the United States. Atkins believes that removing unnecessary regulatory hurdles will attract investment and development, fostering a dynamic and competitive crypto market. This marks a stark departure from the previous administration's approach, providing a much-needed boost of confidence to the US crypto industry. The details of Project Crypto are still being developed but the intent to drastically reshape US crypto regulation is unequivocally clear. Previously excluded US customers can now anticipate participation in international crypto projects without fear of legal repercussions.