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SEC Launches Project Crypto as CFTC Unveils Crypto Sprint

A structured rulemaking process aims to deliver clear guidelines for digital asset trading, licensing, classification across federal agencies.

Overview

  • SEC Chair Paul Atkins formally kicked off Project Crypto, instructing staff to draft new rules for on-chain markets covering asset distributions, custody and trading.
  • The initiative proposes single-license frameworks for brokerages, a clear separation of securities and commodities and exemptions or grace periods for early-stage token offerings.
  • Acting CFTC Chair Caroline D. Pham launched a Crypto Sprint to align with the SEC and establish a unified regulatory framework for digital assets.
  • The SEC has scheduled stakeholder roundtables and public consultations as part of a phased timeline for formal rulemaking on digital asset regulations.
  • Industry leaders and legal experts have praised the shift from enforcement-heavy policies to a collaborative rulemaking approach intended to reinforce U.S. leadership in crypto innovation.