Paul Atkins presented a new concept of digital asset regulation within Project Crypto

Paul Atkins, Chairman of the US Securities and Exchange Commission, has announced a new stage of the Project Crypto initiative, which aims to create a clear and fair system of regulation of digital assets. Atkins noted that the goal of the project is to combine the innovative potential of American entrepreneurs with an adequate regulatory framework, which is scheduled to begin in August 2025. He emphasized the possibility of implementing a token taxonomy based on the principles of the Howey test.

Source Incrypted

Atkins emphasized that most crypto tokens are not always securities, despite the traditional labeling. He said that the commission intends to clearly define the boundaries of regulation, which will avoid a powerful outflow of innovation outside the United States. The planned measures also include the development of an adapted regulatory mechanism for tokens included in investment contracts, which should support the development of capital and innovation.

In his speech, Atkins emphasized the need for cooperation with Congress and other regulatory bodies to create a clear legal framework. According to Atkins, Project Crypto is not about loosening regulations, but rather committing to fairness and clarity in legislation.