SEC Accelerates Efforts to Modernize Cryptocurrency Regulations

SEC Chair Paul Atkins has recognized that the United States missed an early chance to effectively regulate cryptocurrencies. According to NS3.AI, the SEC is now accelerating its efforts to modernize crypto regulations. Since the Trump administration, the SEC has become more receptive, establishing a crypto task force, retracting certain enforcement actions, and initiating Project Crypto to update the regulatory framework. Recent developments include the approval of WisdomTree's crypto market fund for 24/7 trading with instant settlement, alongside plans to investigate tokenized bank deposit products.