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SEC Launches Project Crypto Initiative for Digital Asset Framework

Securities and Exchange Commission
United States
Published Jul 31, 2025

Summary

The Securities and Exchange Commission launched 'Project Crypto,' a comprehensive SEC-wide initiative to modernize securities laws and develop regulatory proposals for digital asset markets. The initiative aims to enable America's financial markets to move on-chain through formal notice-and-comment rulemaking, following the president's working group report on digital assets published on July 31, 2025.

Key Changes

  • Comprehensive regulatory framework for crypto asset issuance
  • New custody rules for broker-dealers holding digital assets
  • Modernized trading and settlement requirements for crypto securities
  • Clear guidelines for token classification

Affected Industries

Cryptocurrency
Financial Services
Investment Banking
Fintech

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