Editor's PiCK
US SEC launches 'Project Crypto'... "Full support for virtual asset innovation"
Summary
- The U.S. Securities and Exchange Commission (SEC) announced the launch of 'Project Crypto' and stated it would offer full support for virtual asset innovation.
- Commissioner Paul Atkins emphasized that most virtual assets are not securities and promised to ensure asset custody and freedom of trading choices for investors.
- A plan was announced to support digital asset innovation through 'super apps', enabling broker-dealers to provide non-security-type virtual assets and services such as staking and lending without complex approvals.
On the 31st (local time), the U.S. Securities and Exchange Commission (SEC) announced through its official website that it is launching 'Project Crypto'. This is a move to support President Donald Trump's policy direction to make the United States a global hub for virtual assets (cryptocurrencies).
Paul Atkins, SEC Commissioner, stated, "We will strive to ensure that virtual assets can be actively distributed in the United States," adding, "Contrary to SEC's previous claims, most virtual assets are not securities. The SEC will guarantee investors the maximum choice to safely store and freely trade their assets."
He continued, "Broker-dealers equipped with alternative trading systems should be able to provide not only non-security-type virtual assets but also services such as securities, staking, and lending, without needing separate licenses in all 50 states or complex federal approvals," and stressed, "We will actively support digital asset innovation through so-called 'super apps'."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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