The latest developments from the U.S. Securities and Exchange Commission (SEC) have sparked market attention. SEC Chairman Paul Atkins recently announced a significant initiative called "Project Crypto," aimed at promoting the on-chain process of the U.S. capital market and driving compliance innovation.

Atkins pointed out that the current regulatory rules are mainly designed for traditional manufacturing enterprises and are difficult to effectively cover emerging financial products centered around crypto assets. To this end, the SEC will conduct a comprehensive assessment of existing rules and may repeal some 'outdated rules' that are no longer applicable to the crypto space. This move aims to create a favorable environment for the development of new financial structures such as tokenized assets and super applications.

It is worth noting that Atkins acknowledges the many uncertainties surrounding future financial forms. He emphasized that the SEC should maintain an open and inclusive regulatory attitude to avoid becoming a stumbling block to innovation. This statement reflects the regulatory body's recognition of the potential in the crypto financial sector, while also demonstrating its cautious approach in the face of rapidly changing financial technology.

'Project Crypto' marks an important step taken by U.S. regulators in the regulation of crypto assets. This initiative may not only reshape the financial regulatory framework in the U.S. but also have far-reaching impacts on the global cryptocurrency and blockchain industry. Industry insiders generally believe that this will open up new opportunities for the compliance development and innovative applications of crypto assets.