SEC Don Start Project Crypto to Make Crypto Law Dem Modern
Di U.S. Securities and Exchange Commission (SEC) don launch Project Crypto on Thursday, na na plan to update crypto laws and adjust old securities rules for on-chain finance. Chair Paul Atkins clear say most digital assets no be securities under Howey Test, to clear past confusion. SEC go work with Crypto Task Force wey Commissioner Hester Peirce dey lead to make interpretative statements, exemptions, and safe harbors for crypto issuance, custody, and trading. Dem wan encourage innovation, support new market players and protect Main Street investors before Congress fit pass special law. For tokens wey dem consider securities, SEC get plan for flexible disclosure rules covering ICOs, airdrops and network rewards. Project Crypto show sey regulator dey committed to balanced supervision, strengthen U.S. leadership for digital asset markets and reverse policies wey make companies go foreign.
Bullish
The launch of Project Crypto dey bring regulatory clarity by updating old rules and making the status of assets under Howey Test clear. Clear guidelines, safe havens, and exemptions go reduce legal wahala for issuers and exchanges, encourage innovation, and bring companies back to the U.S. Better oversight and proper investor protections fit attract institutional capital and support market growth. Short term, good vibes and lower compliance costs fit boost trading and liquidity. Long term, standardized disclosure and on-chain finance frameworks fit support sustainable growth, strengthen U.S. leadership for digital assets, and lead to wider market adoption.