Senin, 04 Agustus 2025

Crypto comes home: SEC pushes to reshore industry


Plus, the SEC launches "Project Crypto" to modernize rules and give early-stage projects breathing room to innovate.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

Crypto Firms Return to US, SEC Rolls Out 'Project Crypto,' & Other News

July 27 – Aug. 2

#1

SEC Chair Aktins calls to 'reshore crypto' as companies move back to the US

Crypto companies are beginning to return to the United States as top officials signal a shift toward friendlier regulation and domestic growth.

In a Thursday speech at the America First Policy Institute, SEC Chair Paul Atkins called on the country to "reshore the crypto businesses that fled," reinforcing a broader effort by the administration of President Donald Trump to position the US as a global hub for digital assets.

Treasury Secretary Scott Bessent said on Friday that the US has entered the "golden age of crypto" and issued a direct call to builders: "Start your companies here. Launch your protocols here. And hire your workers here."

Backed by clearer regulations and high-level political support, crypto companies are beginning to respond, with some relocating operations to the US from abroad, and others, like Kraken and MoonPay, expanding their domestic footprint in response to the policy shift.

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#2

US SEC rolls out 'Project Crypto' to rewrite rules for digital assets

US Securities and Exchange Commission Chair Paul Atkins has announced "Project Crypto," an initiative to modernize the agency for the digital finance age and establish clear regulations for digital assets in the United States.

Atkins said Project Crypto was in direct response to recommendations in a recent report by the President's Working Group on Digital Asset Markets.

Atkins proposed easing licensing rules to allow for multiple asset classes or instruments to be offered by brokerages under a single license, while also creating a clear market structure separating commodities, which most cryptocurrencies fall under, from securities.

Regulatory exemptions or grace periods should be afforded to early-stage crypto projects, initial coin offerings, and decentralized software to allow these projects enough room to innovate, without crushing them under the weight of litigation or fear of reprisal by the SEC, Atkins said.

#3

99% of CFOs plan to use crypto long term, 23% within two years: Deloitte

Cryptocurrency is becoming a financial planning priority, with 99% of chief financial officers at billion-dollar firms expecting to use it for business in the long term, according to Deloitte's Q2 2025 survey of CFOs.

The survey, conducted among 200 CFOs at companies with over $1 billion in revenue, revealed that 23% expect their treasury departments to use crypto for investments or payments within the next two years. This figure climbs to almost 40% among CFOs at firms with revenue of more than $10 billion.

Despite the momentum, finance chiefs remain cautious. Concerns about price volatility top the list, with 43% of respondents citing it as a primary barrier to adopting non-stable cryptocurrencies like Bitcoin and Ether.

Other major concerns include accounting complexity (42%) and regulatory uncertainty (40%), the latter of which has been compounded by shifting US policy.

Prediction of the Week

XRP's 'bullish divergence' raises 20% price rally potential in August

XRP may be gearing up for a short-term rebound, with signs pointing to a potential 20% price jump by the end of August.

On its four-hour candle chart, XRP shows a bullish divergence, a common signal often hinting at a potential trend reversal.

In this case, XRP's price has been making lower lows, while the relative strength index, a momentum indicator, is making higher lows. Such a disconnect suggests that the recent selling pressure has been losing strength.

FUD of the week

Crypto hacks top $142M in July, with CoinDCX leading losses

Bad actors and scammers stole at least $142 million from the crypto space in July across 17 separate attacks, with the exploit of crypto exchange CoinDCX accounting for the most significant loss.

The total monthly losses represented a 27% increase from the $111 million in June, blockchain security firm PeckShield said in an X post on Friday.

However, it's still a 46% drop from the same time last year, when July 2024 saw $266 million taken by hackers, with the $230 million breach of Indian crypto exchange WazirX accounting for the lion's share at the time.

FUD of the week

Tornado Cash co-founder faces jury after closing arguments wrap

Jurors will now decide the fate of Roman Storm, co-founder of cryptocurrency mixing service Tornado Cash, after prosecutors and the defense delivered closing arguments on Wednesday.

The closing arguments phase of a trial is when both sides summarize a case before a judge or jury, making their cases and trying one last time to persuade before the fact-finder goes off to deliberate.

Storm is standing trial in the Southern District of New York in a case that could set a precedent for how much responsibility developers have for decentralized software that is used illegally.

US prosecutors allege that Storm conspired to launder money, violated US sanctions and operated an unlicensed money-transmitting business. If convicted, Storm could face up to 40 years in prison.