US SEC Chair and CFTC Chair Launch Project Crypto to Standardize Cryptocurrency Regulation

ZkProver · 2026-01-30T16:09:47+00:00

The SEC and CFTC have launched the Project Crypto joint initiative to coordinate regulatory standards for the crypto market in response to congressional market legislation. The project will establish a unified framework to address regulatory fragmentation, clarify storage regulations for crypto assets, and promote inter-agency collaboration to reduce compliance costs.

ZkProver

2026-01-30 16:09:47

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ChainCatcher News reports that, according to FinanceFeeds, the SEC official website disclosed that SEC Chair Paul S. Atkins and CFTC Chairman Mike Selig have officially launched the Project Crypto joint initiative. This initiative aims to coordinate regulatory standards for the crypto market between the two agencies in response to bipartisan market structure legislation currently advancing in Congress.

Paul S. Atkins stated that the current regulatory model is difficult to adapt to the current state of technological integration, and fragmented regulation has become the root of investor confusion rather than protection. Project Crypto will seek to establish a unified framework in areas such as trading, clearing, custody, and risk management, following the principle of minimum effective dose for moderate regulation.

Additionally, SEC staff have provided guidance over the past year on memecoin, stablecoins, mining, staking, and broker-dealer financial responsibilities, and clarified that registered advisors and regulated funds can store crypto assets with certain state-chartered financial institutions. This initiative marks a shift in regulatory focus from enforcement-driven to rule clarity, aiming to reduce compliance costs through cross-agency collaboration.

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