LATEST: SEC Chair Paul Atkins Launches “Project Crypto” To Modernize Securities Rules

SEC Chairman Paul Atkins has announced the launch of Project Crypto, aiming to fast-track pro-crypto policies under President Donald Trump’s direction. Speaking at the America First Policy Institute, Atkins said the initiative will modernize securities regulations to help U.S. markets move on-chain. He instructed staff to draft simple, clear rules covering crypto distribution, custody, and trading, and emphasized that outdated laws must not block innovation.

Atkins stated that most crypto assets are not securities, challenging previous SEC leadership. He called for clear guidelines to help identify when digital assets fall under securities law and supported fit-for-purpose rules for ICOs, airdrops, and staking rewards. He stressed that a securities label should not be viewed as a negative mark on crypto projects.

The chairman also backed self-custody of crypto and supported the rise of crypto super-apps offering multiple services under a single license. He defended developers’ rights to publish open-source code and vowed to bring back crypto businesses that fled under past regulatory pressure.

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