SEC Unveils “Project Crypto” to Boost Blockchain Integration in Financial Markets
The U.S. Securities and Exchange Commission (SEC) recently launched an initiative called “Project Crypto,” aimed at updating securities regulations to better support crypto-based financial systems. SEC Chairman Paul Atkins announced the initiative during the “American Leadership in the Digital Finance Revolution” conference. According to Atkins, this move aligns with President Trump’s goal of positioning the United States as a global leader in cryptocurrency and digital finance. Atkins noted that many of the SEC’s current rules were written for a financial world that depended on intermediaries. But with blockchain, he argued, these intermediaries may no longer be necessary. “We shouldn’t force…