SEC’s Atkins Pushes Digital Asset Plan With ‘Project Crypto’ (1)

Chairman Paul Atkins is pushing the Securities and Exchange Commission to develop clear guidelines for when a digital asset qualifies as a security, noting the goal is to help market participants slot crypto into different categories so they can better determine the rules.

“It should not be a scarlet letter to be deemed a security,” Atkins said at an event hosted by the America First Policy Institute near the White House. “We need a regulatory framework for crypto asset securities that allows these products to flourish within American markets.”

Atkins has taken a vastly different approach to crypto compared with ...