Jul. 31 at 6:39 PM
SEC has unveiled a new initiative called “Project Crypto” aimed at overhauling securities regulations to adapt to blockchain-based financial systems.
"To achieve President Trump’s vision of making America the crypto capital of the world, the SEC must holistically consider the potential benefits and risks of moving our markets from an offchain environment to an on-chain one"
"Our goal is to help market participants to slot crypto assets into categories, such as digital collectibles, digital commodities, or stablecoins, and assess the economic realities of a transaction"
"Decentralized finance and other forms of on-chain software systems will be part of our securities markets and not drowned out by duplicative or unnecessary regulation"
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