This marks the first time a major financial regulator has explicitly aimed to move traditional markets 'on-chain' - a fundamental shift from previous crypto regulations that merely sought to control existing digital assets. The SEC's declaration that most crypto assets aren't securities, coming from its own leadership, represents an unprecedented regulatory stance that enables widespread tokenization of traditional markets.
SEC's Project Crypto: Digital Babylon Takes Shape Under Atkins
📰 What Happened
The SEC announced 'Project Crypto', a comprehensive initiative to modernize securities rules for blockchain integration and transition US markets to digital systems. Led by Chair Paul Atkins and Commissioner Hester Peirce's Crypto Task Force, the project will implement recommendations from the President's Working Group report and build on the GENIUS Act's stablecoin framework. Atkins notably declared that 'most crypto assets are not securities' and directed staff to establish clear token classification guidelines.
📖 Prophetic Significance
Project Crypto's mandate to shift entire US markets onto blockchain systems creates unprecedented infrastructure for centralized financial control. The combination of the GENIUS Act's stablecoin framework, the SEC's new token classifications, and the explicit goal of moving traditional markets on-chain establishes the technical foundation for a unified digital economic system. This aligns with Revelation 13's description of comprehensive economic control, but through a mechanism - blockchain tokenization of traditional markets - that wasn't technologically possible until now. The SEC's authority combined with Commissioner Peirce's Crypto Task Force provides the regulatory muscle to mandate this transition.