{"id":90031,"date":"2025-08-20T21:00:18","date_gmt":"2025-08-20T21:00:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=90031"},"modified":"2025-08-20T21:00:18","modified_gmt":"2025-08-20T21:00:18","slug":"new-crypto-assets-group-backed-by-trump-gets-green-light","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=90031","title":{"rendered":"New Crypto Assets Group Backed By Trump Gets Green Light"},"content":{"rendered":"

The Securities and Exchange Commission is moving in a different direction on crypto.<\/p>\n

Chair Paul Atkins confirmed that the agency will launch the President\u2019s Digital Assets Group, a step he says will open a new chapter in US regulation.<\/p>\n

White House Roadmap<\/h2>\n

According to Atkins, the first objective of the new group will be to carry out recommendations from the President\u2019s Digital Asset Markets Working Group.<\/a><\/p>\n

His remarks came during the Wyoming Blockchain Symposium, where he introduced what he called \u201cProject Crypto\u201d<\/a> and promised to move away from regulation by enforcement.<\/p>\n

I had a great conversation with @TeresaGoody<\/a> at @SALTConference<\/a>\u2019s Wyoming Blockchain Symposium today about my priorities as @SECgov<\/a> chairman, including Project Crypto and making IPOs great again. It\u2019s a new day at the SEC.<\/p>\n

Thread pic.twitter.com\/I7UIrjQFpT<\/a><\/p>\n

\u2014 Paul Atkins (@SECPaulSAtkins) August 19, 2025\u00a0<\/a><\/p>\n\n

Atkins stated the SEC will not rely on old methods. Instead, the commission intends to create rules that prevent abuse but remain flexible enough for technology\u2019s rapid development.<\/p>\n

Atkins said the effort is part of US President Donald Trump\u2019s extensive push for a more transparent policy on digital assets.<\/p>\n

Investor Protection And Innovation<\/h2>\n

Atkins praised the administration for supporting a plan that he says balances investor protection with space for innovation.<\/p>\n

He added that cooperation with Congress, the White House, and other agencies will help keep US policy consistent and aligned with international standards.<\/p>\n

This is a clear contrast to the approach of his predecessor, Gary Gensler, who frequently said most tokens were securities under existing rules.<\/p>\n

Critics of Gensler\u2019s stance argued it drove innovation overseas and created a climate of uncertainty.<\/p>\n

Atkins rejected that argument, saying very few tokens meet the definition of securities. The way tokens are packaged, marketed, and sold matters more, he explained.<\/p>\n

Flexible Rules For Developers<\/p>\n

The shift could make it easier for crypto<\/a> projects to operate in the US without immediately being treated as securities.<\/p>\n

Reports show that the President\u2019s DAWG released a roadmap in July urging regulators to introduce rules that encourage businesses while maintaining investor safeguards. Atkins said the SEC will stick closely to that roadmap.<\/p>\n

Exemptions & Transparency<\/p>\n

He explained that the commission will provide exemptions, safe harbors, and new disclosure standards tailored for crypto companies.<\/p>\n

That would replace the \u201cone-size-fits-all\u201d system that has frustrated the industry for years.<\/p>\n

Activities such as ICOs, airdrops, network rewards, and building decentralized apps may be treated more flexibly under this plan.<\/p>\n

Atkins clarified that the new approach does not mean a free-for-all, but rather a structure designed to support responsible growth.<\/p>\n

Featured image from Meta, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission is moving in a different direction on crypto. Chair Paul Atkins confirmed that the agency will launch the President\u2019s Digital Assets Group, a step he says will open a new chapter in US regulation. White House Roadmap According to Atkins, the first objective of the new group will be to […]<\/p>\n","protected":false},"author":0,"featured_media":90032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90031"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90031"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90032"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}