The new chairman of the U.S. Securities and Exchange Commission (SEC), Paul S. Atkins, recently announced a major initiative called "Project Crypto," aimed at repositioning the United States' status in the global Crypto Assets arena. The core objective of this initiative is to attract Crypto enterprises and capital back to the U.S. market by optimizing the regulatory environment.

Chairman Atkins emphasized that the plan will focus on simplifying the existing regulatory framework, establishing clearer rules, and providing necessary exemptions and safe harbors for Crypto Assets businesses. These measures are expected to significantly reduce the compliance costs and legal risks for Crypto Assets businesses operating in the United States.

It is worth noting that the "Project Crypto" plan will also encourage the issuance, trading, and tokenization of on-chain assets. The SEC plans to adjust the existing Howey test criteria to provide greater flexibility for encryption projects, including allowing projects to offer dividends and voting rights to investors.

In addition, the plan will promote the tokenization of real-world assets (RWA), the development of encryption super applications, and the integration of traditional centralized finance (CeFi) with decentralized finance (DeFi). These initiatives aim to create a more open and innovative Crypto Assets ecosystem.

Through this series of initiatives, the SEC hopes to reshape the United States' leadership position in the global Crypto Assets field, making it a center for global Crypto innovation and development. The launch of this plan will undoubtedly have a profound impact on the global Crypto market, with all parties eagerly awaiting its specific implementation details and effects.