U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins is set to reveal details of 'Project Crypto,' an initiative aimed at updating cryptocurrency regulations and positioning the United States as a global leader in the crypto industry. Atkins announced plans to mobilize the SEC to make America the world's crypto capital. The announcement is scheduled for August 15, 2025, at 8:30 a.m. ET and is expected to focus heavily on Bitcoin. Prominent figures in the cryptocurrency space, including billionaire Jack Dorsey and Coinbase CEO, have expressed strong support for Bitcoin's potential to disrupt traditional financial systems. Dorsey highlighted Bitcoin's ability to eliminate reliance on payment networks such as Visa and Mastercard, as well as major banks. The Coinbase CEO predicted that Bitcoin could eventually become the world's reserve currency. These developments come amid a broader trend of rapid adoption of tokenization in the U.S., with significant moves from regulators and fintech companies advancing the crypto ecosystem.