Overview

• Paul Atkins introduced Project Crypto at an America First Policy Institute speech on July 31 to present a comprehensive crypto regulation blueprint.
• The framework defines clear criteria to categorize digital tokens as securities, commodities, collectibles or stablecoins based on their economic functions.
• Atkins indicated that most cryptocurrencies will not be classified as securities, easing regulatory burdens for many token issuers.
• Project Crypto offers innovation exemptions that let blockchain startups bring products to market transparently without full SEC registration.
• The SEC will modernize rules such as Reg NMS, support on-chain infrastructure and draw on the GENIUS Act to position the U.S. as a global blockchain leader.