SEC unveils Crypto Project to adapt rules to on-chain solutions

• SEC modernizes regulations focusing on blockchain technologies
• Initiative aims for clear regulation of cryptocurrencies in the US
• Project seeks to attract on-chain innovation to markets

The U.S. Securities and Exchange Commission (SEC) this week unveiled Project Crypto, an initiative that aims to update financial market regulations to accommodate blockchain-based technologies. The announcement was made by SEC Chairman Paul Atkins during a speech on Thursday.

The project stems from a report published by the President's Working Group, which includes senior administration officials such as Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. The document presents recommendations on how federal institutions should handle digital assets.

"That's why I'm launching Project Crypto and directing the SEC's policy divisions to work with the Cryptocurrency Task Force, led by Commissioner Peirce, to quickly develop proposals to implement the PWG's recommendations," Atkins said.

Among the proposal's main objectives is the development of new guidelines for the trading, custody, and distribution of cryptocurrencies, which will be open to public consultation. The SEC also aims to help the market classify digital assets into categories such as stablecoins, digital collectibles, and digital commodities, analyzing the economic structure of each transaction.

Atkins also highlighted that current US President Donald Trump's vision of transforming the country into a global leader in the crypto sector involves migrating traditional financial systems to on-chain structures.

"To realize President Trump's vision of making the United States the cryptocurrency capital of the world, the SEC must holistically consider the potential benefits and risks of moving our markets from an off-chain to an on-chain environment," he said.

Finally, the SEC chairman emphasized that decentralized finance applications must be part of the regulated system, without being hindered by duplicative requirements. "Decentralized finance and other forms of on-chain software systems will be part of our securities markets and will not be stifled by duplicative or unnecessary regulations," he concluded.