New Crypto Assets Group Backed By Trump Gets Green Light – Crypto News – Crypto News
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New Crypto Assets Group Backed By Trump Gets Green Light – Crypto News

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The Securities and Exchange Commission is moving in a different direction on crypto.

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Chair Paul Atkins confirmed that the agency will launch the President’s 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 carry out recommendations from the President’s Digital Asset Markets Working Group.

His remarks came during the Wyoming Blockchain Symposium, where he introduced what he called “Project Crypto” and promised to move away from regulation by enforcement.

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’s rapid development.

Atkins said the effort is part of US President Donald Trump’s extensive push for a more transparent policy on digital assets.

Investor Protection And Innovation

Atkins praised the administration for supporting a plan that he says balances investor protection with space for innovation.

He added that cooperation with Congress, the White House, and other agencies will help keep US policy consistent and aligned with international standards.

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

Total crypto market cap at $3.78 trillion on the daily chart: TradingView

Critics of Gensler’s stance argued it drove innovation overseas and created a climate of uncertainty.

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.

Flexible Rules For Developers

The shift could make it easier for crypto projects to operate in the US without immediately being treated as securities.

Reports show that the President’s 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.

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Exemptions & Transparency

He explained that the commission will provide exemptions, safe harbors, and new disclosure standards tailored for crypto companies.

That would replace the “one-size-fits-all” system that has frustrated the industry for years.

Activities such as ICOs, airdrops, network rewards, and building decentralized apps may be treated more flexibly under this plan.

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

Featured image from Meta, chart from TradingView

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