The initiative aims to change the SEC for the 21st century finance and is formed in response to recent policy recommendations from the White House.
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The US Securities and Exchange Commission chair Paul Atkins has announced “Crypto Project,” an initiative to modify the agency for digital financial age and establish clear regulations for digital ownership in the United States.
Atkins said Project Crypto is in a direct response to recommendations on a recent -only Report Through the president’s working group in digital assets, he called “blueprint” for sound crypto regulation in the United States. Atkins write:
Many of the commission’s rules and regulations are unreasonable in the twenty-first centuries-letting on-chain markets. The commission must change its rulebook so that the regulations of the Moats do not hinder the development and competition – from both new enterors and incumbents – to the destruction of Main Street. “
The SEC release for Internet Capital Markets and Onchain Finance is a stated goal of the new SEC Chair and a way to cement US leadership in crypto.
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