#ProjectCrypto Challenges & Risks**
- **Technological Barriers**: Integrating legacy systems with blockchain may face scalability hurdles (e.g., Ethereum’s congestion).
- **Regulatory Fragmentation**: Balancing state/federal rules could delay implementation. The SEC emphasizes avoiding "one-size-fits-all" rules but must ensure investor protection.
- **Centralization Concerns**: Tokenization relies on trusted custodians, contradicting crypto’s decentralization ethos.