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Definition: Project Crypto


A bullish speech about crypto given by SEC Chair Paul Atkins in July 2025 soon after the House passed the CLARITY Act. Atkins is in favor of the following: #1 - allowing crypto companies to form as onshore LLCs within the U.S., #2 - allowing the market to choose who can custody crypto, #3 - reducing licensing burdens, #4 - allowing centralized services to leverage software on blockchains, and #5 - providing a regulatory sandbox for startups to build and issue tokens. See CLARITY Act.