SEC Chair Paul Atkins reiterated his push for “Project Crypto,” saying he will work with the CFTC to develop a digital asset classification framework to clarify when tokens qualify as securities, and plans to roll out an “innovation exemption” to support trading of tokenized securities on-chain. This is seen as a major shift in regulation from enforcement to rulemaking, or as a signal to unlock institutional capital and strengthen Bitcoin—currently around $77,586.

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