SEC Launches ‘Project Crypto’ to Modernize U.S. Digital Asset Regulations

The SEC has begun a major overhaul of cryptocurrency regulations in the US with their new initiative, ‘Project Crypto’. This project marks a significant policy shift away from enforcement towards engagement and collaboration with the industry. Chairman Paul S. Atkins emphasizes the need for clear rules to foster innovation, particularly in the context of Bitcoin’s recent surge to $122,300. With this proactive approach, the SEC aims to balance investor protection and unlock the potential of the US cryptocurrency sector.