U.S. SEC Chairman: Project Crypto plans to drive the comprehensive on-chain transformation of the U.S. financial markets, helping to build the "World Crypto Capital."

ChainCatcher News, SEC Chairman Paul Atkins stated that we are at the beginning of a new era in market history. The SEC's Project Crypto plan will enable the U.S. financial markets to achieve on-chain capabilities, and this project will become the North Star for the U.S. Securities and Exchange Commission, helping President Trump make the U.S. the "world capital of cryptocurrency" and maintain America's dominance in the crypto asset market.

The SEC's top priority is to establish a regulatory framework for the allocation of U.S. crypto assets as soon as possible, rather than imposing burdensome regulations and one-size-fits-all rules. This not only represents a shift in regulation but also an opportunity of the era.

Previous report, the SEC launched the Project Crypto plan to modernize securities rules and promote the market's transition to on-chain.