SEC Chairman Launches Project Crypto Initiative Greenlighting ICOs
Paul Atkins has announced sweeping policy changes allowing previously banned crypto activities in the United States.
The initiative will create safe harbors for #ICOs, airdrops, and network rewards with purpose-fit disclosure requirements.
Brokers can now offer crypto assets and traditional securities side by side without multiple licenses.
Non-security crypto assets subject to investment contracts may trade on unlicensed platforms under the new framework.
#DeFi developers will receive formal regulatory category protection as "pure publishers of software code."
The rollout follows the White House's 168-page crypto policy report, released one day earlier.
Atkins declared the #SEC will not watch innovations develop overseas while U.S. markets remain stagnant.
