Project Crypto Launch: The SEC has initiated "Project Crypto" to modernize digital asset regulations, clarifying that most cryptocurrencies are not securities and aiming to enhance U.S. competitiveness in blockchain technology.
Market Impact and Stakeholder Engagement: The project seeks to shift from enforcement-focused regulations to clearer rules for crypto transactions, encouraging stakeholder feedback to shape the new regulatory framework and potentially increasing on-chain activity and capital flows in the U.S. market.
