Less than one year after the resignation of Securities and Exchanges Commission (SEC) Chair Gary Gensler, the new SEC leadership today announced a new initiative, dubbed “Project Crypto,” which aims to overhaul the traditional finance system with on-chain activations and DeFi integrations.
SEC Chair Paul Atkins released the statement today, July 31, praising DeFi & TradFi super-apps, “big beautiful software systems,” and crypto’s role in the evolution of capital markets. Chair Atkins went as far as to close his statement saying:
“This represents more than a regulatory shift — it is a generational opportunity.”
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