SEC Chairman Paul Atkins States Committee is Modernizing Securities Rules via Project Crypto to Shift US Financial Markets On-Chain
The initiative aims to update outdated regulations to support blockchain issuance, trading, and settlement, adapting to the development of tokenized securities and DeFi systems.
Atkins emphasized that this move helps Trump position the US as a global crypto capital destination, distinguishing pure software publishers from intermediaries and providing a clear compliance pathway.
Source: Public Information
ABAB AI Insight
Paul Atkins has continuously criticized the previous enforcement priority model since taking office, shifting towards providing regulatory clarity through initiatives like Project Crypto. He has previously released classifications for crypto tokens and explored innovation exemptions.
On the capital pathway, the SEC is mobilizing institutional and DeFi resources towards on-chain migration through rule amendments, reducing compliance friction while maintaining investor protection, and attracting previously drained innovation back to the US market.
This is similar to historical regulation transitioning from traditional exchanges to electronic trading. The SEC is currently in the evolution phase from a legacy off-chain framework to a blockchain-native market, promoting the mainstreaming of tokenized assets.
Structural Judgment: Essentially, this is a reconstruction of the industry chain. Regulatory modernization breaks the traditional intermediary-dominated structure, shifting towards automated execution of blockchain smart contracts, achieving integration of issuance, trading, and settlement, reducing costs, and reshaping power distribution to the protocol layer.
ABAB News · Cognitive Law
Regulatory lag stifles innovation; modernization reshapes industry chain dominance.
Regulation shifts from enforcement confrontation to infrastructure co-construction.
The higher the off-chain legacy costs, the greater the benefits of on-chain alternatives.