The Securities and Exchange Commission introduced “Project Crypto” on July 31, 2025, aiming to update securities regulations to enable crypto-based trading. SEC Chair Paul Atkins emphasized transitioning markets to blockchain technology, reducing reliance on intermediaries, and preventing overly restrictive rules from pushing crypto firms offshore. The initiative aligns with growing interest in tokenization—issuing digital representations of assets on blockchains—and supports “super apps” like Coinbase’s recent offering. The announcement follows a report from the President’s Working Group on Digital Asset Markets, with the SEC’s Crypto Task Force, led by Hester Peirce, tasked with implementing its recommendations.
Source: Crypto World, Tanaya Macheel, July 31, 2025
