U.S. regulators are preparing a sweeping reset of crypto oversight as the Securities and Exchange Commission and Commodity Futures Trading Commission relaunch a joint initiative called Project Crypto, aimed at restoring regulatory clarity for digital assets.
SEC Chair Paul Atkins and CFTC Chair Michael Selig said the plan is designed to align U.S. markets with blockchain-based finance as Congress moves closer to passing landmark crypto legislation.
The initiative comes as lawmakers debate the CLARITY Act, a bill intended to define how digital assets are regulated across federal agencies after years of jurisdictional confusion.
Under Project Crypto, regulators will focus on coordinated rulemaking, aligned definitions, and shared market surveillance to avoid duplicative or conflicting requirements for crypto firms.
Officials said innovation must remain on U.S. soil, warning that unclear rules risk pushing blockchain development overseas.
The framework prioritizes “minimum effective regulation,” emphasizing precision over enforcement-driven policy that dominated prior years.
Regulators also plan to modernize oversight tools to account for on-chain trading, integrated settlement, and hybrid financial markets.
The White House-backed push signals a broader shift under President Donald Trump toward pro-innovation crypto policy, aiming to strengthen U.S. leadership as global competition for digital asset capital intensifies.
