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SEC and CFTC Relaunch Project Crypto to Clarify Digital Asset Regulation

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SEC and CFTC Relaunch Project Crypto to Clarify Digital Asset Regulation


The SEC and CFTC have relaunched Project Crypto to provide clear, coordinated regulation for the growing U.S. digital asset industry.

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have relaunched Project Crypto in a coordinated effort to provide regulatory clarity for the digital asset industry.

The initiative is part of a strategy to align the two agencies’ approaches to crypto markets and ensure U.S. financial leadership keeps pace with technological innovation.

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Project Crypto Targets Clearer Crypto Rules

In a January 29 joint statement, SEC Chair Paul Atkins and CFTC Chair Heath Tarbert emphasized that “America’s financial markets are the strongest and most trusted in the world because they were built upon the premises of clear rules and fair enforcement.”

However, in recent years, under the Biden administration, enforcement actions and regulations were often unclear, creating uncertainty for market participants. Under President Trump’s leadership, the two groups have shared plans to return to core principles that emphasize transparency, predictability, and fairness. This effort will be advanced through Project Crypto, a joint initiative aimed at harmonizing digital asset regulation.

Project Crypto is designed to ready U.S. markets for a future in which trading, clearing, settlement, and custody increasingly occur on-chain.

The plan comes as Congress advances bipartisan legislation to establish a federal framework for digital assets. Despite this, the agencies believe that these rules alone are insufficient, noting that effective oversight requires “disciplined execution grounded in merit neutrality and free market principles.”

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According to the press release, the initiative will focus on creating clear pathways for companies that comply with the requirements. This will involve updating the surveillance tools to reflect modern trading practices and implementing rules in a planned step-by-step manner.

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Regulators also warned that failing to modernize could push innovation and investment to other countries with more accommodating markets.

Harmonization and Clear Oversight

A main objective of Project Crypto is to bring the SEC and CFTC into closer alignment, addressing fragmented rules and overlapping jurisdictions that have long made it difficult for businesses to operate efficiently.

The programme seeks to address these issues by aligning definitions, coordinating supervision, and sharing data securely between them. The two regulators also want to reduce duplication, provide clear guidance for investors and businesses, and support a market that is both innovative and well-regulated.

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The relaunch builds on earlier efforts, including the SEC’s Project Crypto and the CFTC’s Crypto Sprint, and represents a modern approach to inter-agency coordination. By working together, the duo hopes to offer clarity for market participants, encourage innovation on U.S. soil, and ensure that the future of finance develops under oversight that protects investors while supporting progress.

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Crypto World

Solana Price Charts Are Hinting at a Potential Rally Toward $110 Next

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Solana Price Charts Are Hinting at a Potential Rally Toward $110 Next

Solana’s SOL (SOL) has rallied 10% over the past 24 hours, rising to an intraday high of $86 on Wednesday.

The recovery was accompanied by a leap in futures activity, with SOL’s open interest rising by more than 5% to $5.27 billion.

Analysts are now focusing on the short-term technical setup and fundamental indicators that may signal a major turning point for SOL.

Key takeaways:

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  • SOL price has risen 10% in 24 hours, fueled by bullishness in the broader market and Solana ETF inflows.

  • Solana’s symmetrical triangle breakout targets $110 SOL price.

SOL recovers with the crypto market

The SOL/USD pair rose as much as 13.6% to $86 on Wednesday from a two-week low of $75 on Tuesday, amid a marketwide recovery.

Bitcoin (BTC), the market leader, was trading at $66,800 at the time of writing, up 5% over the 24 hours. Second-placed Ether (ETH) has gained about 8% on the day to trade just above $1,990. XRP (XRP) has also posted significant daily gains among the top 10 cryptocurrencies, up 6% over the same period.

As a result, the global crypto market capitalization is up 4% on the day to $2.28 trillion on Wednesday.

Performance of top-cap cryptocurrencies: Source: CoinMarketCap

Solana’s surge today is accompanied by significant short liquidations totaling $15.4 million over the last 24 hours, signaling intense demand-side pressure.

The buyers were also US-based spot Solana ETFs, which have recorded $40 million in net inflows since Feb. 9.

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Spot Solana ETFs flows table. Source: Farside Investors

The growing demand-side pressure that could push SOL prices higher when coupled with increased inflows from global Solana investment products and buying by whales.

Cryptocurrencies, Markets, Price Analysis, Tech Analysis, Market Analysis, Altcoin Watch, Solana, ETF
Source: Lookonchain

SOL’s symmetrical triangle breakout targets $110

Data from TradingView shows SOL price breaking above a symmetrical triangle on the six-hour time frame, as shown in the chart below.

The price needs to close above the 100-day simple moving average (SMA) at $86 to sustain the upward momentum.

The measured target of the prevailing pattern, calculated by adding the height of the triangle to the breakout point, is $110, coinciding with the 50-day SMA. This represents a 28.5% rally from the current levels. 

SOL/USD 6-H chart. Source: Cointelegraph/TradingView

As Cointelegraph reported, a daily candlestick close above the 20-day EMA, currently at $88, would open the way for a rise toward $95 and later to $117. 

Glassnode’s realized price distribution data for Solana shows limited historical buying activity above $85, suggesting that the bulls could easily break this resistance.

In other words, there are relatively few SOL holders with a cost basis above this zone, reducing the chances of sellers stepping in decisively until the price reaches higher supply zones. 

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The next significant resistance sits at $115, where approximately 22 million SOL were previously acquired.

SOL: UTXO realized price distribution (URPD). Source: Glassnode