SEC Chair Atkins Launches Project Crypto to Clarify US Digital Asset Rules

President Donald Trump's administration is advancing significant reforms to U.S. cryptocurrency regulations, aiming to bring clarity and promote innovation in the digital asset market. The President’s Working Group on Digital Assets released a report recommending a clearer division of regulatory authority between the SEC and CFTC, with the CFTC gaining oversight of spot crypto markets to reduce confusion and overlapping enforcement. SEC Chair Paul Atkins introduced “Project Crypto,” a comprehensive initiative to update crypto rules, streamline licensing for brokerages, and provide regulatory exemptions for early ventures, fostering innovation while protecting investors. Atkins emphasized simplifying regulations to boost market transparency, allowing crypto companies to operate under clearer guidelines and encouraging them to return to the U.S. market. These developments mark a shift from previous administrations by promoting a pro-crypto agenda that includes establishing a federal framework for stablecoins and encouraging the inclusion of American investors in crypto asset distributions. Overall, the Trump administration is working to balance innovation with consumer protections to position the U.S. as a global leader in the crypto economy.