The #ProjectCrypto encryption project is an initiative by the U.S. Securities and Exchange Commission (SEC) announced on July 31, 2025, aimed at transforming the regulation of the U.S. cryptocurrency ecosystem. It seeks to clarify when a token is considered a security, a commodity, or a stablecoin, facilitate initial coin offerings (ICOs), support token values on the blockchain, and enhance the trading of digital assets on regulated platforms. This "light-touch" approach aims to attract cryptocurrency companies to the United States, driving innovation and protecting investors. It represents a strategic shift compared to previous, more restrictive policies.