The creation of “super -apps” that integrate cryptocurrency trade will be facilitated.
Being classified as ‘Security’ will no longer be a punishment, but a viable option with custom rules.
The debate that has kept the digital asset industry in suspense could be coming to an end. That is what reveals the speech of the president of the Bolsa y Validas Commission (SEC), Paul S. Atkins, who showed a new vision that radically moves away from the combative position of his predecessors. In his message, he reaffirmed that the US agency will no longer operate under the presumption that almost all cryptocurrencies are value titles (Securities) not registered.
«Despite what the SEC has said in the past, most cryptocurrencies are not Securities“ATKINS said yesterday during the launch of the” Crypto Project. ” “But the confusion about the application of the ‘Howey Test’ has led some innovatives to treat all cryptoactives as such,” said Cryptonotics.
This comprehensive initiative was announced by Atkins to modernize financial regulation and align it with the Trump administration goal. All with the idea of turning the United States into the “world capital of cryptocurrencies.” But what really means this change for developers, investors and the future of the market?
The end of regulatory purgatory
The most immediate involvement is the dissipation of the cloud of legal uncertainty that paralyzed many US projects. For years, ecosystem entrepreneurs operated with the constant fear that the SEC could classify their token as a security, even years after its launch, triggering multimillion -dollar demands and until the end of its operations.
Now, under Atkins’ leadership, The SEC undertakes to work to establish clear guidelines that allow market participants to classify assets into categories such as “digital collectibles, digital raw materials or stablecoins.” The objective is that entrepreneurs can determine, based on rules and not in conjectures, if their project is subject to securities laws.
This means that a project that does not involve “promises or pending commitments of the sender” will not be dragged into the complex framework of the values. Atkins cited the example of Senator Bernie Moreno, who before his political position founded a company to tokenar car titles. “These entrepreneurs need, and deserve, clear rules,” Atkins said, emphasizing that pragmatic innovation will no longer be punished for the lack of clarity, as happened in the past.
Being a “Security” is no longer a “scarlet lyrics”
Perhaps the second most important pillar of this new era is the redefinition of what it means that a cryptocurrency is classified as Security. Atkins was emphatic in stating that being classified as a value title “should not be a scarlet lyrics”, referring to the brand of shame in Nathaniel Hawthorne’s novel.
This classic of American literature, published in 1850, tells the story of Hester Prynne, a woman in the Puritan New England of the seventeenth century who is condemned to wear a scarlet “A” in his clothes as a symbol of his adultery, marking her as an object of public shame.
To prevent this from happening in the digital assets ecosystem, the sec will seek create a viable framework so that projects that have the classification of Securities. “Many emitters will prefer the flexibility in the design of products offered by securities laws,” he explained, mentioning that investors would benefit from voting rights, dividends and other characteristics typical of values.
This opens the door to a “Cambrian Explosion of Innovation”, where companies can tokenize actions, bonds and other traditional financial instruments without having to resort to complex offshore structures or force premature decentralization only to avoid sec. The goal is that the issuing “choose to include Americans to enjoy legal certainty” instead of excluding them for fear.
The arrival of the “super -apps” and market integration
Philosophical change has drastic practical consequences for market structure. If not all cryptoactives are values, then negotiation platforms should not be obliged to operate with separate regulatory frameworks.
In that sense, Atkins announced that a key priority is to facilitate the creation of “overrapplications”, where an intermediary registered in the SEC, such as a broker, can offer, under the same roof and a single license, the negotiation of cryptoactive values, digital currencies not classified as value titles (such as bitcoin), traditional values and other services such as staking or loans.
“Nothing in federal laws of values prohibits the negotiation centers registered in the SEC to quote products that are not values on their platforms today,” he said, instructing their staff to develop the necessary guide to make this vision come true. This could mean the end of the current market fragmentation and the beginning of an era of integrated financial platforms, a direct blow to the bureaucracy that, according to Atkins, “hinders progress and competition.”
Ultimately, Atkins discourse reveals a geopolitical strategy. The “Crypto Project” is not only a regulatory modernization, but a tool to relocate cryptocurrency companies that fled the United States and consolidate the country’s technological domain in the Bitcoin era and other digital assets.
It also marks the beginning of an era in which The SEC does not see itself as a fearful guardian that Bitcoin and cryptocurrencies unbalance the traditional financial system, but as a supervisor in the development of new markets.
