SEC Chair Paul Atkins announced “Project Crypto” to update decades-old securities rules for the digital asset market. Custody reforms will require stronger safeguards, including blockchain monitoring and real-time auditing for crypto asset holders. The initiative aims to expand crypto integration into retirement funds while awaiting broader legislative action from Congress. SEC Chair Paul Atkins outlined a sweeping regulatory modernization effort on Fox Business, introducing “Project Crypto” as a central initiative to update decades-old securities rules for the digital asset era. Speaking on Mornings With Maria on August 15, Atkins said the Commission is mobilizing all divisions to implement recommendations from the President’s Working Group on Digital Assets. The program targets outdated frameworks that govern asset custody and securities handling. Atkins emphasized the need for secure crypto storage, warning against lax practices such as keeping private keys on unsecured devices. He said the SEC will move quickly within its current authority while awaiting legislative action from Congress. The initiative responds to structural gaps in existing … The post US SEC Launches ‘Project Crypto’ to Overhaul Rules and Become Global Digital Asset Hub appeared first on Coin Edition .
