White House Digital-Asset Roadmap Leads Into SEC 'Project Crypto'
A White House digital-asset policy report on July 30 was followed the next day by SEC Chairman Paul Atkins announcing 'Project Crypto,' a Commission-wide initiative intended to implement parts of the administration's digital-asset agenda. The sequence linked executive policy recommendations with a concrete securities-regulatory implementation effort.
On July 30, 2025, the President's Working Group on Digital Asset Markets released a broad federal policy report addressing digital-asset market structure, banking, custody, tax treatment, stablecoins and related regulatory issues. The following day, SEC Chairman Paul Atkins announced 'Project Crypto,' describing a Commission-wide effort to modernize securities regulation for blockchain-based markets and implement portions of the administration's digital-asset agenda.
Bitcoin was not the sole subject of either initiative. The policy roadmap covered the wider digital-asset sector, while the SEC's jurisdiction centers on securities rather than Bitcoin's protocol. The Bitcoin connection came through the infrastructure surrounding BTC: exchange and broker rules, custody, tokenized financial markets, banking access and the treatment of intermediaries all affect how Bitcoin can be accessed and held within the regulated U.S. financial system.
The two-day sequence showed policy moving from broad executive recommendations into an announced agency implementation program. It followed the legislative concentration of Crypto Week earlier in the month and reinforced the shift in U.S. digital-asset policy from isolated enforcement disputes toward a more explicit regulatory architecture. Neither initiative governed Bitcoin alone, but both affected the regulated infrastructure through which Bitcoin could be held, traded, and intermediated.