SEC Launches Project Crypto to Revolutionize Digital Asset Regulation

The U.S. Securities and Exchange Commission (SEC) has launched ‘Project Crypto’ to implement recommendations from the President’s Digital Assets Working Group. This ambitious initiative aims to classify most crypto assets as non-securities, marking a major shift in the nation’s approach to digital asset regulation. This move aligns with the vision for clearer regulatory guidelines and streamlined processes within the cryptocurrency landscape. The SEC believes this will foster innovation while ensuring investor protection.