U.S. SEC invites early-stage crypto startups in Texas for regulatory feedback as part of Project Crypto.
- SEC invites early crypto projects in Texas for feedback.
- Part of broader regulatory overhaul initiative.
- Direct input aimed at improving regulatory frameworks.
The U.S. SEC has launched a Texas outreach as part of “Project Crypto,” inviting early-stage crypto projects to provide input into upcoming regulatory changes.
This approach seeks to modernize crypto regulations, directly impacting tokenized securities and offering a framework for innovation-friendly, on-chain markets, though no new funding was detailed.
SEC Engages Texas Startups in Regulatory Overhaul
The SEC’s outreach in Texas is part of a series of events for direct feedback from early-stage crypto businesses. SEC Chair Paul Atkins and Commissioner Hester Peirce are leading the effort. Feedback from startups underpins this initiative, focusing on regulatory modernization. The SEC plans to consult with businesses directly affected by impending regulatory changes.
Crypto Ventures Eye Favorable Regulatory Terms
The announcement has heightened expectations among early-stage crypto ventures for regulatory clarity. The industry anticipates favorable terms for stablecoins and tokenized securities. Potential regulatory shifts could redefine classifications for digital assets. These discussions seek to align SEC policies with rapidly evolving crypto markets.
Shift to Include Startups in SEC’s Project Crypto
The previous SEC’s D.C. roundtables emphasized larger players, while Project Crypto focuses on startups. This reflects ongoing efforts to include underrepresented voices in regulation. Based on prior SEC actions, new rules could alter DeFi protocols and token prices. Past outcomes show a spike in effects as projects adjust to compliance demands.
“I have instructed the staff to use interpretive and exemptive relief as appropriate… to ensure that existing rules and regulations do not smother American innovation and entrepreneurship.” — Paul Atkins, SEC Chair
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