Overview

• Chair Paul Atkins announced that all SEC divisions are now mobilized under Project Crypto to implement recommendations from the President’s Working Group on Digital Asset Markets.
• The SEC plans to update 90-year-old custody, clearing, and broker-dealer rules to establish secure, regulated frameworks for holding and transferring digital assets.
• Atkins said the agency will rely on both congressional measures like the GENIUS Act and its existing authority to proceed with rulemaking without waiting for new legislation.
• The SEC will work with the Department of Labor to develop guardrails for integrating crypto and private equity into 401(k) plans under the administration’s executive order.
• Draft rules on token classification, on-chain market infrastructure and real-time settlement innovations remain under development and will open for stakeholder comment.