#ProjectCrypto Tokenization*: Enable tokenization of traditional assets like stocks and bonds

- *Custody Requirements*: Modernize custody requirements for digital assets

- *Super-Apps*: Allow for "super-apps" that offer multiple crypto services under a single license

- *Decentralized Finance*: Develop updated guidance for decentralized finance (DeFi)

The initiative is designed to support innovation, clarify token classification, and integrate decentralized systems into compliant market structures. SEC Chair Paul Atkins stated that most crypto assets are not securities, and the project aims to establish clear rules for crypto asset distributions, custody, and trading ³ ¹ ⁴.

*Key Objectives:*

- *Make US a Global Hub*: Position the US as a global hub for crypto innovation

- *Clear Guidelines*: Provide clear guidelines for crypto asset classification and approvals

- *Regulatory Framework*: Establish a regulatory framework for digital asset trading

- *Support Innovation*: Support innovation and on-chain infrastructure development

Overall, "Project Crypto" is a significant step towards creating a more favorable regulatory environment for crypto assets in the US ² ⁵.