Regulations for digital assets are imminent, predicts SEC Chair Paul Atkins, as the regulatory body embarks on a significant pro-cryptocurrency initiative.
The Daily Hodl brings you the latest news on the SEC's plans for clearer regulations in the crypto industry.
SEC Launches "Project Crypto" to Modernize Crypto Regulations
The U.S. Securities and Exchange Commission (SEC) has announced the launch of "Project Crypto," an initiative aimed at modernizing securities laws and providing clearer regulatory guidance for digital assets. The project's goal is to clarify the classification of crypto assets, with most not defined as securities, to reduce legal uncertainty and spur innovation.
During a speech on Thursday, SEC Chair Paul Atkins announced that the project aims to develop new tests to determine whether a crypto asset qualifies as a security and modernize custody rules to better support self-custody by investors. Atkins stated that the SEC will bring reforms to the digital assets market.
SEC Engages with Crypto Community for Input
The SEC is also engaging directly with the crypto community through a series of roundtable discussions across the U.S. from August through December 2025. These discussions are designed to gather input from smaller crypto firms and stakeholders who previously had limited opportunity to participate in policymaking.
SEC Approves In-Kind Creations and Redemptions for Crypto ETPs
Recently, the SEC approved a significant policy shift permitting in-kind creations and redemptions for crypto exchange-traded products (ETPs). This move aligns crypto ETPs with commodity-based ones, allowing authorized participants to trade shares directly for underlying crypto assets like bitcoin and ether.
Legislative Developments: "Responsible Financial Innovation Act of 2025"
Legislative developments continue with the Senate Banking Committee introducing the "Responsible Financial Innovation Act of 2025." This act proposes a new category called “ancillary assets” and reflects ongoing jurisdictional negotiations between the SEC and the Commodity Futures Trading Commission (CFTC).
Industry Announcements, Crypto Markets, and Submit Content
The article includes sections for Industry Announcements, Crypto Markets, and the option to Submit content. It covers various aspects of finance, including macro, bitcoin, ethereum, crypto, and web 3. The article features News, Bitcoin, Ethereum, Altcoins, Financeflux, Trading, NFTs, Blockchain, Futuremash, Regulators, Scams, Hacks & Breaches.
Stay tuned for more updates on the SEC's plans for the crypto industry.
[1] Senate Banking Committee Introduces "Responsible Financial Innovation Act of 2025" [2] SEC Chair Paul Atkins Announces Clearer Regulations for Crypto Industry [3] SEC Approves Policy Shift Permitting In-Kind Creations and Redemptions for Crypto ETPs [4] SEC Engages with Crypto Community for Input on Regulatory Framework
- To further promote innovation in the cryptocurrency market, the SEC's new regulatory framework could potentially encourage investments in altcoins, thereby increasing their profile within the broader financial landscape.
- As the SEC's "Project Crypto" aims to modernize custody rules, it could pave the way for increased use of blockchain technology in various financial transactions, potentially revolutionizing the investment landscape in the near future.
