SEC debuts 'Project Crypto' to bring U.S. financial markets 'on chain'

Key Points

• The Securities and Exchange Commission on Thursday debuted “Project Crypto,” an initiative to modernize securities regulations to allow for crypto-based trading.
• The announcement comes amid a surge of interest in tokenization, the process of issuing digital representations on a blockchain of publicly-traded securities or other assets.
• SEC Chair Paul Atkins discussed the importance of preventing crypto companies from being driven offshore by “one-size-fits-all rules.”