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08/01/2025

SEC Launches "Project Crypto": U.S. Declares Leadership in the Blockchain Finance Era

On August 1, 2025, SEC Chair Paul S. Atkins officially announced the launch of "Project Crypto" — a sweeping initiative to modernize the U.S. securities regulatory framework and pave the way for the comprehensive digitization of financial markets on blockchain infrastructure. The U.S. wants to become the global capital of digital assets Speaking at an event hosted by the America First Policy Institute, SEC Chair Paul S. Atkins declared that America stands at "a historic threshold" in its financial transformation, and *

SEC Launches "Project Crypto": U.S. Declares Leadership in the Blockchain Finance Era

On August 1, 2025, SEC Chair Paul S. Atkins officially announced the launch of "Project Crypto" — a sweeping initiative to modernize the U.S. securities regulatory framework and pave the way for the comprehensive digitization of financial markets on blockchain infrastructure.

America Wants to Become the Global Capital of Digital Assets

Speaking at an event hosted by the America First Policy Institute, SEC Chair Paul S. Atkins declared that America stands at "a historic threshold" in its financial transformation, and **"Project Crypto" will serve as the SEC's north star in supporting President Trump's vision of making the U.S. the "global capital of crypto."

Atkins emphasized: "We cannot simply keep pace with the digital asset revolution — America must lead it."

From Traditional to Blockchain: A Comprehensive Reform Journey

Atkins compared this transition to the revolution of the 1960s, when U.S. equity markets shifted from paper-based trading to electronic systems (DTCC). Now, he argued, the time has come to move from electronic to blockchain, capitalizing on its advantages in transparency, efficiency, and the potential to reduce intermediary costs.

The Five Pillars of "Project Crypto"

According to the speech, Project Crypto will be built around five core pillars:

  1. Restructuring securities law for crypto assets:
    The SEC will develop a clear asset classification framework to define what constitutes a security, a digital commodity, or a utility token. Concepts like "ICO," "airdrop," and "staking reward" will be given legal standing, enabling projects to bring digital assets to U.S. users without having to work around the law.
  2. Supporting tokenization of traditional securities:
    The SEC will create pathways for U.S. companies to tokenize stocks, bonds, and other financial products. This aims to bring models such as decentralized securities and digitized equity into a clear and flexible legal framework.
  3. Advancing self-custody rights and trading platform diversity:
    Individuals will have the right to hold digital assets in personal wallets. The SEC will also reform outdated rules like SAB 121, which have been blocking the growth of digital asset custody providers.
  4. Developing a financial Super-App model:
    The SEC is moving toward allowing all-in-one financial platforms — where a single company can offer stock trading, crypto assets, lending, staking, and more under one unified license.
  5. Recognizing DeFi as a legitimate part of financial markets:
    The SEC will build a dedicated legal framework for decentralized financial software such as AMMs and lending protocols. Under this framework, software developers would not be treated as intermediaries, and leaderless protocols would not be subject to regulations designed for centralized exchanges.

The End of "Regulation by Prohibition and Ambiguity"

Atkins was blunt in criticizing his predecessors' approach of "regulation by enforcement," specifically calling out "Operation Chokepoint 2.0" and the "shoot first, ask questions later" mentality that defined how crypto companies were treated.

He pledged a complete change in mindset: rather than standing in the way, the SEC will move in step with innovation. Crypto companies that left the U.S. due to regulatory uncertainty will have reason to come back and build at home.

Closing: A Manifesto for a New Era

The SEC Chair closed his remarks with a powerful declaration:

"From the buttonwood tree in New York in 1792 to the blockchain of the 21st century — America has never accepted the role of follower. We will not stand on the sidelines. We will lead. We will build. And we will ensure that the next chapter of financial history is written right here in the United States."

Project Crypto is more than a policy turning point — it opens a new chapter for digital finance: one where blockchain, DeFi, tokenization, and self-custody wallets are no longer exceptions but become the core of a legitimate investment ecosystem in America.