SEC Launches 'Project Crypto' Reform Initiative to Embrace the Era of Crypto Assets
The U.S. Securities and Exchange Commission (SEC) has recently announced the launch of 'Project Crypto,' aimed at reforming and updating the existing regulatory framework to fully embrace the development of crypto assets. This initiative closely aligns with the ongoing GENIUS Act, intended to enhance transparency and legitimacy within the cryptocurrency market while providing better protection for investors.
At the core of this initiative is the revision of current securities laws to make them more adaptable to the existing and future crypto asset ecosystem. The SEC Chair stated that this reform will help market participants better understand their legal responsibilities and obligations.
