The U.S. Securities and Exchange Commission (SEC) has unveiled a new initiative called “Project Crypto” aimed at overhauling securities regulations to adapt to blockchain-based financial systems.
What Happened: SEC Chair Paul Atkins announced the project during a Thursday speech, describing it as a direct follow-up to a report released by the President’s Working Group on Wednesday.
The working group includes senior officials such as Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, alongside Atkins himself.
Atkins explained that Project Crypto will be led by Commissioner Hester Peirce and her dedicated task force.
Their …