How can Coinbase, Robinhood, Circle benefit from the new “Project Crypto” from SEC

Amid a Sell Friday in the markets, The Supreme Education Council revealed what Bernstein Analysts are absolutely released ever vision by a transformative encryption by the SEC seat seat. “

What happened: In a speech entitled “Project Crypto”, the SEC Atkins Council Chairman explained a comprehensive reform agenda that imagines US capital markets about the original infrastructure and symbolic assets.

According to a memorandum on August 4, speech challenges contracts from the regulatory precedents.

“It is not necessary to install our organizational framework to the corresponding past, not familiar to the new borders,” said Atkins. “The future reaches the maximum speed, and the world does not wait.”

Atkins officially admitted that “most of the encryption assets are not securities”, and it calls for the use of its explanatory and exempted authorities to clarify the classification of digital assets, the distinction between digital goods, nails, and digital presenters.

This represents a decisive break from the previous position, the Securities and Stock Exchange Committee.

Bernstein notes that the Supreme Education Council intends to “re -innovate” by allowing American companies to issue symbolic issues of stocks and bonds locally, eliminating the need for external structures.

Also read: The founders of the encryption, note: These round warehouses can decide the rules that govern you

Why do it matter: The report says that the agency has already received symbolic proposals from the main Wall Street institutions and unicorn technology companies.

It is important, the Project Crypto Framework is perceived by the “REG-SUPER App” framework: unifying multiple financial licenses under one umbrella, allowing mediators born in the provision of both traditional securities and various encrypted services such as lending and pairing through one platform.

SEC also aims to support “large beautiful software systems on the series”, as Bernstein writes, by updating the agency’s bases to facilitate decentralized financial infrastructure such as Blockchain -based market and lending.

These changes will enable 24/7, asset assets, and interconnection capacity on assets across asset categories.

Atkins was also summarized, “It is time to upgrade the financial system from the Internet to the series.”

Bernstein’s analysts view this shift as the dismantling of traditional organizational trenches. “In our coverage”, they write, “platforms like Coinbase (Nasdak:currency), Robinhood (Nasdak:Cabbot), circle (NYSE:CRCL) The bridge can now be connected from the original cryptocurrency markets to the broader integrated capital markets. “