SEC Unveils Major Crypto Overhaul with White House-Backed Reforms

The U.S. Securities and Exchange Commission (SEC) has announced a sweeping reform of the cryptocurrency market, aligning its efforts with the broader regulatory and strategic goals set forth by the White House [1]. This multi-agency initiative aims to strengthen the U.S. position in the global digital asset landscape by fostering innovation while ensuring robust regulatory oversight. The reform is expected to future-proof the U.S. digital economy and maintain its global competitiveness in the crypto sector [1].

A central element of the reform is the proposed GENIUS Act (S.1582), the first federal legislation specifically targeting stablecoins [2]. The bill represents a significant step toward creating a structured legal framework for digital assets and reflects a broader shift in U.S. regulatory policy. It also aligns with recent White House directives that emphasize the need for regulatory clarity and innovation-friendly policies [2].

In parallel, the White House has published a detailed blueprint outlining a comprehensive strategy for the U.S. crypto industry [3]. The plan includes assigning significant tax-related responsibilities to the Treasury Department, the IRS, and Congress. The report highlights the challenges of implementing a new tax framework for digital assets and stresses the importance of legislative cooperation. It also urges Congress to build on a House-approved bill that would redefine how the SEC and the Commodity Futures Trading Commission (CFTC) oversee crypto markets [4].

SEC Chairman Paul S. Atkins has also launched “Project Crypto,” a major initiative aimed at modernizing U.S. crypto regulation [5]. The program seeks to adapt the existing securities framework to the unique characteristics of digital assets, reflecting the SEC’s effort to keep pace with the rapidly evolving market. The initiative is viewed as a crucial step in aligning the SEC’s approach with the dynamic nature of the crypto industry [5].

Federal regulators and the White House are working closely to implement these new policies in a way that supports innovation while addressing potential risks [1]. This coordinated effort highlights a growing recognition that a fragmented regulatory environment could stifle the growth of the U.S. crypto sector. The reforms are expected to significantly impact market participants, including exchanges, institutional investors, and technology firms operating in the digital asset space [1].

These developments mark a pivotal shift in how the U.S. approaches crypto regulation, with the potential to redefine the global digital asset ecosystem. By aligning with White House priorities, the SEC is reinforcing the U.S. position as a leader in setting global standards for crypto governance [1].

Source:

[1] SEC Pledges Full-Scale Crypto Reform Aligned With White House Priorities – Regulation Bitcoin News, (https://news.bitcoin.com/sec-pledges-full-scale-crypto-reform-aligned-with-white-house-priorities/)

[2] The GENIUS Act: A New Era in U.S. Crypto Regulation, (https://www.yahoo.com/news/articles/genius-act-era-u-crypto-000938770.html)

[3] White House makes sweeping recommendations on..., (https://subscriber.politicopro.com/article/2025/07/white-house-makes-sweeping-recommendations-on-cryptocurrency-tax-policy-00485177)

[4] White House releases new crypto recommendations in..., (https://subscriber.politicopro.com/article/2025/07/white-house-to-release-new-crypto-recommendations-in-landmark-report-00484253)

[5] MLQ.ai | Stocks, (https://mlq.ai/news/)