#Institutions Hold 10M+ ETH#

The U.S. Securities and Exchange Commission ( SEC ) is expanding its interaction with the digital asset industry, particularly focusing on early blockchain projects. Hester Peirce, a commissioner in charge of the agency's cryptocurrency working group, announced on social media platform X that the SEC will hold a meeting with small crypto startups on September 4 in Fort Worth, Texas. This event aims to provide new projects with direct access to regulators, helping them in the early stages of development.
The U.S. Securities and Exchange Commission (SEC) has taken a series of measures aimed at engaging in dialogue with the crypto community, including holding roundtable meetings to bring together developers, legal advisors, and regulators to discuss issues in the field. Peirce has played a key role in fostering a space where regulation and innovation can be discussed without conflict.
In a broader regulatory strategic shift, SEC Chairman Paul Atkins recently launched the "Crypto Project"—a new initiative aimed at streamlining the regulation of digital assets and potentially enhancing the U.S.'s appeal to crypto companies. Unlike previous approaches that largely relied on enforcement, this project emphasizes regulatory clarity and a more structured compliance approach.
At the same time, the Commodity Futures Trading Commission ( CFTC ) is taking steps to expand its role in the regulation of the cryptocurrency spot market. Acting Chair Caroline Pham has launched the "Crypto Sprint" and is testing a program that allows spot crypto assets to be traded on exchanges registered with the CFTC. The goal is to create a more unified federal system for a market that has long operated based on a patchwork of state rules.