US Moves Toward Onchain Future With Project Crypto Leading Market Overhaul
US Moves Toward Onchain Future With Project Crypto Leading Market Overhaul
U.S. markets are charging into an onchain era as Project Crypto kicks off a sweeping transformation poised to redefine global finance, regulation, and capital market leadership.
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Kevin Helms
Kevin Helms
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US Moves Toward Onchain Future With Project Crypto Leading Market Overhaul
Regulators Set Stage for Onchain Markets With Project Crypto’s Vision to Rewire Finance
Moving markets onchain is emerging as one of the most consequential shifts in modern financial infrastructure, with industry leaders positioning blockchain technology as the foundation for future capital market systems. Crypto exchange Gemini’s co-founder Cameron Winklevoss reinforced this vision on social media platform X on Aug. 1, responding to a landmark policy address by U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins.
Applauding the launch of “Project Crypto,” Winklevoss wrote:
This is a truly incredible and profound speech by Paul S. Atkins. Project Crypto outlines the plan for crypto to power America’s Golden Age. This starts with moving markets onchain.
Atkins had unveiled Project Crypto the previous day in Washington D.C., describing a broad restructuring of securities regulation to facilitate digital asset innovation and return the U.S. to global leadership in capital markets. The initiative includes reforms around tokenized securities, self-custody, super-apps, and decentralized systems. Winklevoss drew a historic parallel to pre-New Deal reforms: “Reading this is like being transported back to 1933 before the passage of the Securities Act of 1933 and the Securities Exchange Act of 1934 — legislation that set up the next century of American capital markets dominance.”
The SEC’s new approach aligns with the recommendations of the President’s Working Group on Digital Asset Markets and the recently enacted GENIUS Act, which establishes a regulatory framework for stablecoins.
The Gemini co-founder concluded his post with a forward-looking warning:
We are now at that threshold moment where the foundation for the next century is being set and the world goes onchain. Get ready.
While critics question the risks associated with crypto finance, advocates argue that a secure and well-regulated onchain system could enhance transparency, global liquidity, and innovation within U.S. markets.
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