The U.S. Securities and Exchange Commission has rolled out an ambitious plan aimed at making America the world’s leading hub for cryptocurrency innovation.
The initiative, called “Project Crypto,” will see the agency’s full resources dedicated to building a clear regulatory framework for digital assets.
Speaking with Fox Business, SEC Chairman Paul Atkins said the push follows the recent signing of the GENIUS Act at the White House, a landmark law designed to promote the growth of crypto assets and digital payment systems. According to Atkins, the changes will finally put an end to the regulatory uncertainty that has weighed on the industry for years. “Our aim is to deliver clarity, compliance, and confidence for both innovators and investors,” he explained.
A key part of the overhaul focuses on custody rules, which currently rely on standards written nearly a century ago. The SEC plans to update these requirements to reflect blockchain-based asset management, ensuring that brokers, portfolio managers, and investment advisors can securely handle crypto holdings.
Atkins also highlighted the benefits of instant settlement and blockchain-powered clearing systems, arguing that real-time payment and delivery will help shield markets from sudden shocks. He described this technology as offering “immeasurable advantages” to the broader financial system.
In addition, the SEC’s roadmap will work alongside President Trump’s recent executive order allowing 401(k) retirement plans to diversify into private equity and cryptocurrencies. Atkins stressed that retail investors deserve access to the same opportunities as major institutions, while cautioning that protections must be in place to manage risks such as excessive fees and illiquidity.
By combining updated regulations with a push for innovation-friendly policies, the SEC hopes to create an environment where U.S. markets can lead the next wave of blockchain adoption on the global stage.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
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