Paul Atkins, Chairman of the Securities and Exchange Commission (SEC), introduced the new “Project Crypto” initiative in his speech today. In his speech, Atkins stated that they aim to strengthen the US's global leadership in the field of digital assets and gave strong messages. “We need a project that will unleash American ambition. This is precisely the moment,” Atkins said, adding that the US should not be content merely to keep pace with the digital asset revolution: “America must lead this revolution.” Atkins, referencing the President's statement last week, said, “Last week, the President said, 'I want the entire world to run on the backbone of American technology.' I am ready and determined to achieve that goal.” Atkins made it clear that the SEC will no longer remain passive: “Under my leadership, the SEC will not simply watch innovations flourish abroad. We will not allow our capital markets to remain stagnant.” Related News: Tether, One of the Largest Cryptocurrency Companies, Releases Its Earnings Report - Here Are Its Assets Atkins, who also announced the first steps regarding the content of the project, announced that he instructed the Commission staff to prepare “clear and simple rules” for the distribution, storage and trading of cryptocurrencies. The SEC Chairman further clarified that most cryptocurrencies are not securities. Finally, Atkins stated that they would reduce bureaucratic hurdles: “Under my leadership, the Commission will encourage, rather than hinder, the builders of our country. We will not stifle entrepreneurship with uniform, rigid rules.” *This is not investment advice. Continue Reading: SEC Chair Paul Atkins Makes Historic Cryptocurrency Statements – Here Are the Details
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Securities and Exchange Commission (SEC) Chairman Paul Atkins announced the launch of “ Project Crypto ” on July 31, a comprehensive initiative designed to modernize securities regulations and allow America’s financial markets to move on-chain. The announcement came during a speech at the America First Policy Institute, where Atkins outlined plans to bring crypto asset distributions back to America and establish regulatory frameworks for digital asset trading. JUST IN: SEC launches 'Project Crypto' to help make America the “crypto capital of the world.” pic.twitter.com/if6lHudlTt — Bitcoin Magazine (@BitcoinMagazine) July 31, 2025 The initiative follows the release of a 166-page White House report titled “ Strengthening American Leadership in Digital Financial Technology ,” which categorizes cryptocurrency as “ next-generation technology ” alongside railroads and the internet. The document condemns the Biden administration’s regulatory approach as creating a “hostile environment” for crypto businesses and calls for reversing policies that drove fintech firms offshore. Framework Targets Onshoring Crypto Businesses Through Clear Guidelines Project Crypto seeks to establish clear rules for crypto asset distributions, custody, and trading through public notice and comment procedures. Atkins directed Commission staff to draft regulations addressing the confusion surrounding the Howey test, which has led entrepreneurs to treat all crypto assets as securities prophylactically. The SEC plans to develop guidelines helping market participants categorize crypto assets as digital collectibles, digital commodities, or stablecoins based on economic realities. Atkins also emphasized that being deemed a security should not carry stigma, noting that many issuers prefer the flexibility securities laws afford for product design and investor protections. The initiative includes purpose-fit disclosures, exemptions, and safe harbors for initial coin offerings, airdrops, and network rewards. Atkins stated that the goal is to ensure issuers include Americans in distributions rather than excluding them to avoid legal complexity. Source: Paul Atkins on X The SEC will also address tokenized securities requests from Wall Street firms and Silicon Valley unicorns seeking to distribute tokenized stocks, bonds, and partnership interests within the United States. Atkins reported that firms are “lined up at our doors” requesting tokenization capabilities previously available only offshore. Super-App Vision Facilitates Integrated Trading Platforms The SEC plans to allow securities intermediaries to offer comprehensive services under a single license through “super-app” functionality. Broker-dealers with alternative trading systems could offer trading in non-security crypto assets alongside crypto asset securities, traditional securities, and services like staking and lending without requiring multiple federal or state licenses. Atkins directed staff to develop frameworks allowing non-security crypto assets and crypto asset securities to trade side-by-side on SEC-regulated platforms. The Commission will evaluate its authority to permit non-security crypto assets subject to investment contracts to trade on unregistered venues. The approach allows state-licensed crypto platforms not registered with the SEC to list certain crypto assets while allowing CFTC-regulated platforms to offer products with margin capabilities. As a result, the approach eliminates the need for additional Congressional authority while unlocking greater asset liquidity. Project Crypto also addresses outdated custody requirements that limited custodial service provider options. The SEC plans to modernize custody rules for registered intermediaries, moving away from the previous administration’s “special-purpose broker-dealer” framework and SAB 121 guidance . Vanessa A. Countryman, Secretary of the SEC, confirmed that SAB 122 has officially replaced SAB 121 in the regulatory framework. #SAB121 #CryptoAccounting #USSEC https://t.co/feyCzuakYH — Cryptonews.com (@cryptonews) January 24, 2025 Innovation Exemption Speeds Market Entry for New Business Models The SEC is considering an innovation exemption that would allow registrants and non-registrants to quickly enter markets with new business models that don’t fit existing regulations, for which a similar standard was released for ETFs earlier today. SEC establishes new crypto ETF listing standards enabling approximately dozen major digital assets to gain approval by October through streamlined framework. #SEC #ETFs https://t.co/grlJtGb5tH — Cryptonews.com (@cryptonews) July 31, 2025 Innovators could comply with principles-based conditions, achieving core securities law policy goals rather than burdensome prescriptive requirements. Proposed conditions include periodic Commission reporting, whitelisting functionality, and restrictions on tokenized securities not adhering to compliant token standards like ERC3643. Atkins also emphasized commercial viability as the “true north” for evaluating various models. Additionally, the initiative coincides with growing corporate adoption. A Deloitte survey found 23% of North American CFOs expect their treasury departments to use cryptocurrency within two years, rising to nearly 40% among firms with $10 billion or more in revenue. Deloitte reports CFOs eye crypto treasury adoption, with governance, regulation, and workforce readiness emerging as next-phase priorities. #deloitte #treasury https://t.co/boA1QnYOwm — Cryptonews.com (@cryptonews) July 31, 2025 Forty-three percent cited price volatility as their top concern, followed by accounting complexity and regulatory uncertainty. The White House report also confirms plans for a strategic Bitcoin reserve administered by the Treasury, though it admits the reserve is not yet operational. The document calls for Congress to affirm people’s rights to self-custody digital assets and engage in peer-to-peer transactions without financial intermediaries. Despite these positive regulatory announcements, Bitcoin is still trading relatively flat, slightly above $118,000, with Ethereum gaining modestly above $3,760. The post SEC Launches ‘Project Crypto’ Initiative to Make America the ‘Crypto Capital of the World’ appeared first on Cryptonews .
A Back-End Upgrade, Not a Front-End Revolution The U.S. Securities and Exchange Commission (SEC) voted on a structural adjustment allowing crypto ETFs to support in-kind creations and redemptions — a back-end upgrade that serves institutional activity over retail availability, according to experts. Rather than trading in cash for ETF shares, asset managers can now trade actual Bitcoin (BTC) or Ether (ETH) directly for ETF shares. The mechanism reduces conversion costs, enhances accuracy in pricing, and streamlines business activities for ETF providers. Bloomberg’s Eric Balchunas referred to it as “a plumbing fix,” insisting that it doesn’t change how individual investors engage with crypto funds. “This does not mean retail can swap IBIT for actual bitcoin,” he further added. Bitwise Pioneers the Way Bitwise Asset Management was the initial U.S. issuer to roll out in-kind redemptions following the SEC’s July 29 ruling. The firm said that both of its Bitcoin and Ether ETFs would begin to offer this structure simultaneously. “It just makes the pipes a little better,” Balchunas added. Previous SEC leadership, including Gary Gensler, had opposed in-kind models because of perceived risks around where the crypto assets came from. Toward Traditional Market Parity The structural upgrade brings crypto ETFs more in line with the structure of traditional exchange-traded products. Bitwise President Teddy Fusaro stated that it puts crypto funds in line with institutional-grade ETF structure. 21Shares’ Federico Brokate referred to the move as fundamental to further integration between crypto and the mainstream financial system. ETFs Keep Adding Up Bitcoin The SEC decision comes on the heels of continuous growth in crypto ETF holdings. As of July 31, U.S. Bitcoin ETFs collectively hold over 1.29 million BTC — approximately 6.18% of circulating supply. BlackRock’s iShares Bitcoin Trust leads the pack with 740,601 BTC worth nearly $88 billion. Fidelity’s fund is second with over 205,000 BTC, with Bitwise holding over 40,000 BTC in its ETF.
TL;DR FTX staked $79M ETH after withdrawing $75M, signaling renewed activity from major crypto players. BlackRock now holds 2.5% of all ETH, adding $375M more through its growing Ethereum ETF. Eleven new whale wallets added 722K ETH since July, with most already staked for the long term. Ethereum ETFs saw $5.41B in July inflows, beating combined gains from the last eleven months. FTX Moves ETH From Bybit, Then Stakes It On-chain data tracked by Lookonchain shows that FTX and Alameda Research staked 20,736 ETH, valued at around $79 million, within the past few hours. The move follows a previous withdrawal of 21,650 ETH from crypto exchange Bybit. That withdrawal, carried out between December 17, 2024, and January 9, 2025, totaled $75.3 million at an average price of $3,478 per ETH. FTX/Alameda staked 20,736 $ETH ($79M) an hour ago. Between Dec 17, 2024, and Jan 9, 2025, FTX/Alameda withdrew 21,650 $ETH ($75.3M) from #Bybit at an average price of $3,478. https://t.co/RBSW7DEx21 pic.twitter.com/5E0ku6WGni — Lookonchain (@lookonchain) July 31, 2025 At the time of writing, ETH trades at $3,860. The price has increased 1% in the last 24 hours and 7% over the past seven days. These ETH transfers and staking actions add to a trend of growing market activity around the asset. BlackRock and Other Firms Continue ETH Accumulation BlackRock added $375 million in ETH to its holdings this week. The firm now controls about 2.5% of Ethereum’s total circulating supply, which translates to over $11.4 billion in ETH, based on current prices. In addition, the iShares Ethereum ETF, launched in 2024, has now acquired more than 3 million ETH, according to Nate Geraci’s recent post . Since July 12 alone, it has added another 1 million ETH. BLACKROCK BOUGHT $375M OF ETH THIS WEEK THEY CURRENTLY HOLD 2.46% OF THE ETH SUPPLY WORTH $11.32B THE LARGEST ASSET MANAGER IN THE WORLD IS BUYING $ETH pic.twitter.com/BksJOvUjdQ — Arkham (@arkham) July 31, 2025 The Ether Machine, a company focused on ETH accumulation, bought 15,000 ETH this week for $56.9 million. This brings its total ETH holdings to over 334,000. Meanwhile, it also confirmed that additional capital remains available for further ETH purchases. With this latest transaction, The Ether Machine now holds more ETH than the Ethereum Foundation. SharpLink, a Nasdaq-listed company, made yet another purchase earlier today, adding 11,359 ETH, which brings its total to 449,276 (worth $1.73 billion). A significant portion of the newly acquired ETH has already been staked. Whale Wallets Enter the Market With Billions in ETH Eleven new wallets have acquired a total of 722,152 ETH, worth $2.77 billion, since July 9. Three of those wallets added 73,821 ETH, worth $283 million, in the past 24 hours. The data was tracked by Crypto Rover. BREAKING: WHALES KEEP BUYING MORE $ETH . 3 FRESH WALLETS JUST ACCUMULATED ANOTHER 73,821 $ETH ($283M). SINCE JULY 9, A TOTAL OF 11 FRESH WALLETS HAVE ACCUMULATED 722,152 $ETH ($2.77B). pic.twitter.com/rnywoQdg07 — Crypto Rover (@rovercrc) July 31, 2025 Most of these new wallets are staking their ETH. This reduces the circulating supply and signals long-hold strategies. These new holders are joining a broader trend of long-term ETH accumulation by large entities. ETF Inflows Surge in July As we recently reported , Ethereum ETFs brought in $5.41 billion in net inflows during July. That figure is higher than the $4.21 billion combined inflows from the 11 previous months. Since their launch in July 2024, ETH ETFs have received $9.62 billion. Earlier in the year, flows were more uneven. The first quarter of 2025 saw low inflows and a brief outflow in March. By contrast, November and December 2024 saw stronger interest, with inflows of $1.05 billion and $2.08 billion, respectively. The post FTX Stakes $79M in ETH, Whales Are Buying, BlackRock’s ETHA Keep Growing appeared first on CryptoPotato .
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