Get the latest tech news

SEC Debuts 'Project Crypto' To Bring US Financial Markets 'On Chain'

The SEC has launched "Project Crypto" to overhaul outdated securities regulations for a blockchain-based future, aiming to support tokenized assets, crypto trading, and "super apps." "To achieve President Trump's vision of making America the crypto capital of the world, the SEC must holistically c...

"I have directed the Commission staff to update antiquated agency rules and regulations to unleash the potential of on-chain software systems in our securities markets ... Federal securities laws have always assumed the involvement of intermediaries that require regulation, but this does not mean that we should interpose intermediaries for the sake of forcing intermediation where the markets can function without them." Meta Platforms and X have made attempts to realize that vision, integrating payments, messaging and social content, among other functions. Atkins also said the Trump administration will work to prevent "innovative" companies from being driven offshore by burdensome regulations, and said the SEC "will encourage our nation's builders rather than constrain them with red tape and one-size-fits-all rules."

Get the Android app