- SEC launches initiative to update securities rules for blockchain integration, supporting U.S. crypto market leadership.
- “Super-apps” may trade crypto/traditional assets under single licenses, reducing state-level regulatory redundancies.
SEC Chairman Mark Uyeda announced “Project Crypto,” a regulatory modernization initiative. The plan aims to align U.S. securities rules with blockchain technology advancements. This follows President Trump’s directive to establish American leadership in digital asset markets.
Continuing with the SEC’s reports and its new crypto project, the initiative responds to the recently enacted GENIUS Act. This legislation provides a regulatory structure for stablecoins. Uyeda confirmed bipartisan efforts continue for broader crypto market legislation. The SEC will collaborate with the Senate on these measures.
Project Crypto addresses three primary areas
First, it clarifies asset classification. The SEC will differentiate digital commodities from securities. Bitcoin and similar assets may fall under commodity designation. Security-like tokens will follow tailored disclosure frameworks.
Second, custody rules undergo revision. The SEC will adapt requirements for crypto assets held by registered firms. Self-custody remains permissible for individual investors. Institutional custodians gain clearer operational space under modernized guidelines.
Third, integrated trading platforms receive support. Broker-dealers may offer combined traditional securities and crypto asset trading. These “super-apps” could operate under unified licensing structures. State-specific licensing redundancies may reduce.
For Bitcoin specifically, the framework implies operational certainty. Its likely classification as a digital commodity simplifies institutional participation. Custody solutions and exchange listings face fewer procedural obstacles.
The SEC will propose rules for public comment within 90 days. Temporary exemptions may bridge existing regulations during transition periods. Project Crypto implementation could conclude by late 2026.
