The post SEC rolls out ‘Project Crypto’ to make America the crypto capital of the world appeared on BitcoinEthereumNews.com.

The SEC is launching a commission-wide initiative known as “Project Crypto” to modernize its securities regulation scope. The goal is to establish America as the “crypto capital of the world” per President Trump’s ambition.  The U.S. Securities and Exchange Commission (SEC) has announced “Project Crypto,” a new, Commission-wide initiative that is designed to modernize the securities regulations and transform the United States into the global capital of the crypto economy.  The SEC has launched ‘Project Crypto’  Project Crypto was unveiled during a speech at the America First Policy Institute, and the plan lays out a comprehensive agenda for crypto market integration and innovation. The initiative is led by the U.S. SEC Commissioner, Hester Peirce, and is supported by the newly revitalized Crypto Task Force. It will implement recommendations from the President’s Working Group (PWG) on Digital Asset Markets and build a regulatory framework aimed at legal clarity, capital formation, and investor protection.  The commissioner’s statements emphasized that this approach will prioritize commercial viability, on-chain software development, and open market access. Many of the SEC’s existing rules are designed for analog, intermediary-driven financial systems and are outdated and ill-suited for today’s digital, decentralized technologies. The project crypto initiative seeks to enable the growth of crypto markets without forcing companies into offshore regulatory avoidance or unnecessary decentralization. The SEC Chair’s remarks emphasized that “the Commission must revamp its rulebook so that regulatory moats do not hinder progress and competition—from both new entrants and incumbents—to the detriment of Main Street.”  This includes drafting new rules for determining whether crypto assets are securities, commodities, collectibles, or stablecoins, and clarifying the application of the Howey test in assessing investment contracts. The SEC will also propose tailored exemptions and safe harbors for activities such as initial coin offerings (ICOs), airdrops, staking, and network rewards.  One of…

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Filed under: News - @ July 31, 2025 11:26 pm