SEC Chair Paul Atkins says “Project Crypto” aims to move financial markets onchain
AI Market Summary
SEC Chair Paul Atkins signaled an accelerated U.S. regulatory shift via "Project Crypto", offering clearer tests for when digital assets are securities and formalizing SEC-CFTC coordination through an MoU. Reduced jurisdictional uncertainty and a more predictable ETF review process could improve institutional risk appetite and market structure confidence. While parts rely on agency guidance and may face legal challenge, the direction is broadly supportive for major crypto assets and compliant infrastructure.
Impact level
● High
Affected assets
BTC/USDT-1.30%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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SEC Chair Paul Atkins said on July 3, 2026, at the Economic Club of New York that the agency is taking “historic steps” to modernize rules to facilitate markets moving onchain through an effort dubbed “Project Crypto.” He said the SEC has issued long-awaited clarity for digital-asset issuers so they can assess whether a crypto asset falls under the agency’s jurisdiction before launching a project. Atkins also pointed to a new Memorandum of Understanding between the SEC and the Commodity Futures Trading Commission to coordinate oversight and reduce fragmented regulation. Separately, the head of the SEC’s Division of Investment Management told Bloomberg the agency is seeking a more predictable process for nearly 200 ETF applications a month, including crypto ETFs and prediction-market products.
