The debate that kept the digital asset industry in suspense may be coming to an end. It reveals the speech of the President of the Bolsay-Balidas Committee (SEC), Paul S. Atkins, who presented a new vision to fundamentally separate himself from the militant position of his predecessor. In his message, he reaffirmed that US institutions no longer operate under the presumption that almost all cryptocurrencies are value titles (securities) Not registered.
«Even though the SEC has said in the past, most cryptocurrencies are not securities“Atkins said yesterday during the launch of the ‘Crypto Project.’ “However, the confusion over the application of “Howy Test” has led some innovative people to treat all cryptoactives that way,” Cryptonotics said.
This comprehensive initiative was announced by Atkins to modernize financial regulations and align it with the goals of the Trump administration. With the idea of transforming the United States into the “world capital of cryptocurrency.” But what does this change mean for the future of developers, investors and markets?
The end of regulation purgatory
The most pressing involvement is the dissipation of a cloud of legal uncertainty that has paralyzed many US projects. For many years, ecosystem entrepreneurs operated until the SEC had classified tokens as security, and several years after launch, they sparked millions of dollars demands, and the operation was finished.
Now, under Atkins’ leadership, The SEC is committed to working to establish clear guidelines This allows market participants to classify assets into categories such as “digital collectibles, digital raw materials, or stubcoins.” The purpose is that if the project is subject to securities law, it can make decisions based on rules rather than speculation.
This means that projects that do not involve “sender promises or pending commitments” will not be dragged into a complex framework of values. Atkins cited the example of Senator Bernie Moreno, who founded the Torkner car title before his political position. “These entrepreneurs need and deserve clear rules,” Atkins said.
Being “security” is no longer “scarlet lyrics.”
Perhaps the second most important pillar of this new era is the redefinition of the meaning of cryptocurrencies being categorized into safety. Atkins referred to the brand of shame in Nathaniel Hawthorne’s novel, and emphasized that it was classified as “not to be Scarlett’s lyrics” as the value title.
This classic of American literature, published in 1850, tells the story of Hester Pudding, a 17th century Puritan New England woman.
To prevent this from happening in the digital assets ecosystem, the SEC has Create an executable framework to create projects with classifications of securities. “Many emitters will prefer flexibility in the design of products offered by securities law,” he explained, noting that investors will benefit from the typical voting rights, dividends and other characteristics of value.
This opens the door to the “Cambrian Explosion.” There, companies can tokenize behavior, bonds and other traditional financial products without resorting to complex offshore structures just to avoid the SEC or enforcing early decentralization. The goal is to issue “selecting to include Americans to enjoy legal certainty” rather than exclude them because of fear.
Arrival of “Super Apps” and Market Integration
Philosophical changes have dramatic and practical consequences for market structure. If all cryptographic actives are values, there is no obligation to make the negotiation platform operate in a separate regulatory framework.
In that sense, Atkins announced that the main priority is to encourage the creation of “overapplications” that SEC-registered intermediaries such as brokers can offer under the same roof and a single license.
“There is nothing in the federal law of values that prohibits negotiating centers registered with the SEC from citing products that are not the value of today’s platform,” he said, instructing staff to develop the necessary guides to make this vision come to fruition. This could mean the beginning of an era of current market fragmentation and integrated financial platforms. This is a direct blow to bureaucracy, according to Atkins, “thwarts progress and competition.”
Ultimately, Atkins’ discourse reveals geopolitical strategies. The “Crypto Project” is not only a regulatory modernization, but it is a tool that will escape the US and transfer cryptocurrency companies that integrate the country’s technological domain in the Bitcoin era and other digital assets.
It also marks the beginning of the era The SEC does not consider itself a horrible guardian Its Bitcoin and cryptocurrency disproportionately disproportionate the traditional financial system, but as supervisors of the development of new markets.