SEC Chairman: Project Crypto will drive the on-chain transformation of the U.S. financial markets, and the shift in regulation is an opportunity of the times.

On August 1, Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), stated that we are at the beginning of a new era in market history. The SEC's Project Crypto plan will enable the U.S. financial markets to realize on-chain capabilities, and this project will become the North Star of the SEC, helping President Trump make the U.S. the "crypto capital of the world" and maintaining America's dominant position in the crypto assets market. The SEC's top priority is to establish a regulatory framework for the distribution of U.S. crypto assets as soon as possible, rather than confining it with red tape and one-size-fits-all rules. This not only represents a shift in regulation but also a historic opportunity. The U.S. Securities and Exchange Commission (SEC) announced this morning the launch of the Project Crypto plan to modernize securities regulations and enable on-chain capabilities in the U.S. financial markets.