SEC launches Project Crypto to bring America’s markets on-chain

The American Securities and Exchange commission announced the launch of “Project Crypto”, with the president of the SEC, Paul Atkins, saying that the initiative will help to carry out the vision of President Donald Trump to make America the world capital of crypto.

SECOND announcement The “Project crypto” on Thursday July 31 via the chair Paul Atkinswhich revealed the great plan in a speech delivered during the America First Policy Institute event in Washington DC

According to Atkins, the future of the financial markets evolves so quickly that the United States must “make more than simply monitor the pace of cryptographic active Revolution. “The United States must take the initiative and lead this revolution.

“We are at the threshold of a new era in the history of our markets. As I mentioned earlier, today, I announce the launch of” Project Crypto “- an initiative on the scale of the Commission to modernize the rules and regulations of securities to allow American financial markets to move in progress,” said Atkins.

Make us global Crypto Market Leader

SECONDThe latest initiative linked to the crypto one day after the president’s working group in the digital asset markets has published its highly anticipated report.

Among its areas of interest are recommendations to federal agencies, including the SEC, in order to establish a cryptographic framework aimed at ensuring that the United States maintains its domination in the global markets of digital assets.

Project Crypto is based on this wider effort, the dry seeking to quickly implement the PWG recommendations. The plan includes the creation of clear and simple rules for the distributions of crypto, custody and trading in the United States

“While the committee staff strive to finalize these regulations, the Commission and its staff will consider in the coming months to use interpretative, exempt and other authorities to ensure that archaic rules and regulations do not suffer innovation and entrepreneurship in America,” added Atkins.

Dry sees project crypto as part of the efforts not only to bring financial markets to the channel, but also refer all Crypto companies Gary LongueThe mandate of the President of the SEC.

In recent months, under the Trump administration, the SEC has taken up prosecution and has ended several investigations which have been continued within the framework of the highly criticized regulatory approach of peopleler. The agency has since published statements Clarify your positions And signaling a complete offset of the distance from its anterior anti-Crypto position.