SEC Unveils Project Crypto for Modernized Securities Rules

The U.S. Securities and Exchange Commission (SEC) has revealed a plan to modernize its securities regulations under the ‘Project Crypto’ initiative, aiming to streamline rules regarding cryptocurrencies. This project focuses on clarifying that most tokens are not considered securities, paving the way for innovative platforms offering trading, lending, and staking services within a unified regulatory framework. The SEC plans to work collaboratively with international regulators to encourage innovation and establish consistent regulations across global capital markets.