#ProjectCrypto

#ProjectCrypto The U.S. Securities and Exchange Commission (SEC) launched the "Cryptocurrency Project," a comprehensive initiative aimed at regulating digital assets and encouraging innovation in the financial sector.

The project, led by SEC Chairman Gary Gensler and Commissioner Hester Peirce, seeks to establish clear guidelines for cryptocurrencies and address years of uncertainty. Key components include:

Clarity of Regulatory Framework:

Defining digital assets, such as securities, commodities, and non-fungible tokens (NFTs), to eliminate any ambiguity.

Smart Contract Auditing:

Establishing a national framework for auditing smart contracts.

Decentralized Finance (DeFi):

Updating guidance on DeFi protocols and chain technologies.