Hey folks,
Big news out of the U.S. this week. The SEC chair has rolled out Project Crypto, and it is shaping up to be one of the biggest shifts in digital asset regulation so far.
SEC Chairman Paul Atkins made it clear in his announcement that the old rules are outdated. They do not work for crypto. He plans to rebuild the framework so innovation can thrive without constant legal uncertainty.
Here is what Project Crypto aims to accomplish. Clear guidelines on how tokens will be classified, such as securities, commodities, stablecoins, or other categories.
This alone could end years of confusion for developers and investors.
The SEC is also preparing new safe harbors for activities such as ICOs, airdrops, staking rewards, and other methods by which projects raise capital.
That means legitimate token launches could happen inside the U.S. instead of moving abroad.
Another big move: licenses for crypto “super-apps.” Platforms that combine trading, custody, payments, and lending could operate under a single, streamlined license.
This is aimed at making the U.S. competitive with other markets and keeping the next wave of crypto innovation onshore.
Atkins also talked about integrating DeFi and tokenized securities into mainstream finance. He called it a “generational opportunity” to rebuild capital markets with faster, more transparent blockchain systems.
The SEC is shifting from cracking down to creating rules that attract crypto businesses back to U.S. soil. The move aligns with broader U.S. policy goals to lead in digital finance. Read our earlier newsletter here to know more about some of these developments.
Why does this matter? Because when the U.S. sets the tone, it shapes global regulation. A friendlier environment there could spark new projects, fresh capital flows, and more adoption worldwide.
India’s crypto market will be watching closely as this unfolds.
This is only the beginning, but Project Crypto could mark the start of a significantly different era for the global crypto industry.
Bitcoin had a rocky week, dropping from $120K to $112K before closing above $114K. Similarly, ETH also dropped significantly, but spot ETH ETFs saw $5.43B in July inflows, up 369% from June. Altcoins had a relatively quiet week, with top gainers TON, IP, and XDC registering modest gains.
Weekly price movement:
BTC $114,534 ⏬ 3.61% (7d)
ETH $3,541 ⏬ 8.73% (7d)
TON $3.57 ⏫ 4.4% (7d)
IP $5.99 ⏫ 3.43% (7d)
XDC $0.09 ⏫ 2.05% (7d)
(All data here as of 1:00 p.m., 4 August 2025)
Before we conclude, here’s a quick look at some important news from around the crypto world.
Bitcoin hodlers are selling across the board as BTC price action centers around $114K, data suggests. Numbers from on-chain analytics platform CryptoQuant show both newer investors and whales sending coins to exchanges. Bitcoin hitting new three-week lows on Aug. 3 has done nothing to steady hodlers’ nerves, and exchange flows show a rush for the exit, according to Cointelegraph.
Global payments provider Visa is expanding its stablecoin settlement platform to new blockchains and stablecoins, the company said. The firm will now support two dollar-pegged tokens, PayPal USD (PYUSD) and Global Dollar (USDG), through a partnership with Paxos. It is also adding the euro-backed EURC, issued by Circle Internet (CRCL), giving partners access to settlement in both US dollars and euros, according to CoinDesk.
That’s it for now. Thanks for sticking around.
See you later, folks! 👋