The U.S. Securities and Exchange Commission actively mobilizes on crypto rules, says SEC Chair Paul Atkins. He cites the recently signed GENIUS Act and the emerging CLARITY bill as the foundation of the agency’s “Project Crypto” initiative.
“Project Crypto” aims to modernize outdated rules. Atkins highlighted its impact on stablecoins and custody guidance. Moreover, he says the SEC is ready to act even while awaiting further congressional crypto lawmaking.
Atkins stressed that the SEC assembled its divisions swiftly to update century-old custody rules. He said clearer rules will offer certainty and clarity to innovators and make the industry more accommodating.
While the GENIUS Act provides a stablecoin framework across federal and state roles, and the CLARITY Act aims to define which digital assets count as securities, the SEC will provide further support in establishing the US cryptocurrency environment. Atkins noted that the SEC’s work will be grounded in law passed by the Congress, to ensure the proper implementation of ongoing market structure reforms,
“It will be undergirded by whatever comes out of Congress, but I believe that we have the authority to move forward in these areas and provide that certainty and clarity for people,” Atkins said.
Impact on the Online Casino Industry
The SEC’s crypto mobilization could significantly affect online casino operators, especially those integrating cryptocurrency into payment and gaming systems.
Platforms hosting online casino games may face new rules on digital asset custody, player fund security, and token classification. Operators offering online slot games with crypto wagers might need to verify whether in-game tokens qualify as regulated securities.
These changes could increase compliance costs, particularly for smaller casinos relying on crypto’s flexibility. However, clearer regulations might also build player trust and attract new users seeking safer crypto-based gaming environments.
For established operators, strong custody rules could improve fund management, reduce fraud risks, and streamline licensing in regulated markets. In the long term, the industry could see a split between fully compliant crypto-enabled casinos and unregulated platforms avoiding U.S. oversight.
US Marching Forward to Cultivate Their Crypto Environment
Meanwhile, the combination of Project Crypto, the GENIUS Act, and the CLARITY Act signals an industry turning point. Project Crypto urges the market to move on-chain while balancing innovation with investor protection.
As a result, a more transparent environment may emerge for digital asset activity, including gaming ecosystems using cryptocurrencies.
Ultimately, the SEC’s mobilization begins a critical shift. Operators in crypto-enabled online casino and online slot games sectors should monitor rule changes closely, engage with policymakers, and adapt their platforms in line with evolving regulation.
