On July 3, SEC Chairman Paul Atkins delivered a speech at the Economic Club of New York, clearly stating that the SEC is responding to President Trump's call to make the U.S. the global cryptocurrency capital. Through a strategic initiative called 'Project Crypto,' the SEC is taking historic steps to modernize rules and regulations to facilitate the market's shift to on-chain. Paul Atkins announced that after years of ambiguity, the SEC has provided the long-sought clarity for digital asset issuers. Investors and entrepreneurs can now know whether a particular digital asset is considered a security and thus subject to SEC regulation before taking action. Atkins emphasized that this is not a favor to the industry; it is necessary for the normal functioning of the market: clear rules applied equally. This statement marks a formal shift under Atkins' leadership from a past focus on enforcement to providing a forward-looking regulatory framework aimed at bringing crypto innovation back to the U.S.