– SEC Chair Paul Atkins announced Project Crypto to modernize outdated regulations for digital assets, aiming to boost investor confidence and market innovation.
– The initiative reinterprets laws like the Exchange Act for blockchain, emphasizing secure digital asset storage and cross-division collaboration to balance innovation with investor protection.
– Emerging technologies like FedNow and recent policy shifts (e.g., GENIUS Act) are being evaluated to enhance crypto adoption while addressing risks through education and risk management.
– The SEC prepares to regulate high-profile transactions, including potential monetization of Fannie Mae/Freddie Mac stakes, positioning the U.S. as a crypto innovation leader.