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.