#ProjectCrypto Chairman of the SEC Paul Atkins officially announced 'Project Crypto'

This initiative aims to modernize the securities legal framework, bringing the U.S. financial market into the on-chain era. It is part of a strategy to realize President Trump's vision: to make the U.S. a global Crypto hub.

5 pillars of Project Crypto:

1. Classification of digital assets (securities, commodities, stablecoins…) with specific guidelines.

2. Attracting businesses back to the U.S., supporting the legal issuance of tokens in the U.S.

3. Protecting self-custody rights, updating regulations for financial institutions holding digital assets.

4. Allowing all-in-one platforms (integrating securities, crypto, staking, lending…) to operate with a single license.

5. Protecting developers, supporting DeFi activities like AMM to operate legally.

Immediately after the announcement on 31/7.

The market is blood red.