The US Securities and Exchange Commission has introduced 'Project Crypto,' a Commission-wide effort to update securities regulations and establish America as the world's leading crypto market.

The announcement was made by SEC Chair Paul Atkins at the America First Policy Institute in Washington D.C. on 31 July. Atkins highlighted the rapid evolution of financial markets and stressed the need for the US to take a proactive role in the crypto revolution.

Project Crypto builds on recommendations from the President's Working Group on Digital Asset Markets, focusing on clear rules for crypto custody, trading, and distribution.

The initiative marks a significant change in SEC policy, moving away from the strict enforcement tactics of the previous administration under Gary Gensler. Recent months saw the SEC drop lawsuits and ease probes, signalling support for innovation and urging crypto firms back to the US.