The SEC Shifts Gears on Crypto

The Securities and Exchange Commission made its biggest pro-crypto move yet this week. On Thursday, SEC Chairman Paul Atkins launched “Project Crypto,” an overarching roadmap of the Commission’s approach to regulating cryptocurrency. The aim of the project, according to Atkins, is to make the United States “the crypto capital of the world” by onshoring crypto asset distributions. Atkins hopes to do so by updating the Commission’s rules and regulations regarding on-chain software systems, encouraging experimentation with new technology like “tokenization,” and opening the door to the reclassification of most crypto...