{"id":39945,"date":"2025-08-01T11:02:16","date_gmt":"2025-08-01T11:02:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39945"},"modified":"2025-08-01T11:02:16","modified_gmt":"2025-08-01T11:02:16","slug":"sec-chair-launches-project-crypto-to-position-us-as-global-crypto-leader","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39945","title":{"rendered":"SEC Chair Launches \u2018Project Crypto\u2019 To Position US As Global Crypto Leader"},"content":{"rendered":"
\n

US Securities and Exchange Commission (SEC) Chair Paul Atkins, recently unveiled a new initiative called \u201cProject Crypto,\u201d aimed at transforming the country into the \u201ccrypto capital of the world,\u201d in line with President Donald Trump\u2019s promises to the industry.<\/p>\n

This announcement<\/a>, made during his address on Thursday, marks a notable departure from the aggressive enforcement policies of his predecessor, Gary Gensler, who had been criticized for his tough stance on the digital asset industry.<\/p>\n

SEC Aims To Revitalize US Crypto Market\u00a0<\/h2>\n

Atkins\u2019 speech follows the release of a comprehensive 166-page report <\/a>from the White House on Wednesday that outlines its approach to regulating the cryptocurrency sector.\u00a0<\/p>\n

With just over three months in office, Atkins has made it clear that he intends to foster a more supportive regulatory environment for digital assets<\/a>, contrasting sharply with Gensler\u2019s approach, which many in the industry viewed as overly punitive.<\/p>\n

During his address, Atkins outlined several priorities for the SEC, including the development of \u201cclear and simple rules of the road\u201d for various crypto activities, such as custody and trading. He also proposed allowing exchanges to evolve into \u201csuper-apps,\u201d which would enable them to provide a wider array of services to users.\u00a0<\/p>\n

\u201cWhen our regulatory posture is calibrated to meet innovation with thoughtfulness rather than fear, America\u2019s leadership position has only grown stronger,\u201d Atkins stated, emphasizing a more balanced approach to regulation<\/a>.<\/p>\n

Atkins also highlighted the SEC\u2019s goals of bringing crypto activities back to the US, modernizing custody requirements for digital asset holders, and encouraging experimentation with innovative technologies, such as the tokenization of equities.<\/p>\n

Atkins Begins To Roll Back Gensler\u2019s Actions<\/h2>\n

Under Gensler, the SEC aggressively pursued enforcement actions against leading crypto firms like Binance, Coinbase and Gemini, arguing that they were operating outside established securities laws and posed risks to consumers.\u00a0<\/p>\n

This hardline approach followed high-profile failures in the digital asset space. For example, the collapse of the crypto exchange FTX<\/a>, once run by the now-convicted Sam Bankman-Fried, heightened scrutiny of the industry.<\/p>\n

In response to Gensler\u2019s policies, the crypto sector mobilized significant resources to support pro-blockchain candidates in the elections, including Donald Trump, who has promised to appoint officials friendly to digital assets.\u00a0<\/p>\n

Atkins, a former SEC commissioner and advisor to digital asset projects, is seen as a key figure in this shift toward a more accommodating regulatory environment.<\/p>\n

Before even taking office, Atkins had already begun to reverse some of Gensler\u2019s actions, a move led by Commissioner Hester Peirce, known as \u201ccrypto mom\u201d for her supportive stance on the industry.\u00a0<\/p>\n

This included retracting several lawsuits <\/a>against companies like Coinbase, Uniswap, Robinhood and more, initiating new rulemaking efforts within the regulatory agency.<\/p>\n

Despite these positive developments, critics remain cautious. Some Gensler supporters warn that a relaxed regulatory framework could lead to a resurgence of fraud and market collapses akin to those seen during earlier boom-and-bust cycles.\u00a0<\/p>\n

Dennis Kelleher, CEO of the consumer advocacy group Better Markets, expressed concern that under Atkins, the interests of large financial firms may be prioritized over investor protections.<\/p>\n

\"Crypto\"<\/p>\n

Featured image from DALL-E, chart from TradingView.com <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

US Securities and Exchange Commission (SEC) Chair Paul Atkins, recently unveiled a new initiative called \u201cProject Crypto,\u201d aimed at transforming the country into the \u201ccrypto capital of the world,\u201d in line with President Donald Trump\u2019s promises to the industry. This announcement, made during his address on Thursday, marks a notable departure from the aggressive enforcement […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39945","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39945"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39945\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}