#Institutions Hold 10M+ ETH#

The U.S. Securities and Exchange Commission (SEC) is expanding its engagement with the digital asset industry, with a particular focus on early blockchain projects. Commissioner Hester Peirce, who leads the agency's cryptocurrency working group, announced on social media platform X that on September 4, the SEC will hold a meeting with small crypto startups in Fort Worth, Texas. The event is aimed at providing new projects with direct access to regulators while they are in the early stages of development.
The SEC has made several efforts aimed at opening a dialogue with the crypto community, including roundtables that gathered developers, legal advisors, and regulators to discuss issues in this area. Pearce's role has been central in promoting spaces where regulation and innovation can be discussed without conflict.
As part of broader changes to regulation strategy, the chairman of the U.S. Securities and Exchange Commission, Paul Atkins, recently launched the "Crypto Project" — a new initiative aimed at simplifying oversight of digital assets and potentially increasing the attractiveness of the U.S. for crypto companies. Unlike previous approaches that largely relied on enforcement, this project focuses on regulatory clarity and a more structured approach to compliance.
At the same time, the Commodity Futures Trading Commission (CFTC) is taking steps to expand its role in overseeing the spot markets for cryptocurrencies. Acting Chair Caroline Pham has initiated a "crypto sprint" and a testing program that allows for the trading of spot crypto assets on exchanges registered with the CFTC. The goal is to create a more uniform federal system for a market that has long operated based on a combination of state rules.