#ProjectCrypto The U.S. Securities and Exchange Commission (SEC) announced the launch of Project Crypto — a large-scale initiative to modernize the regulatory framework for digital assets. SEC Chair Gary Gensler presented the plan during a speech in Washington. He emphasized that the goal of the project is to realize President Donald Trump's vision of transforming the U.S. into a global hub for the crypto economy.

Project Crypto will be launched based on the recommendations of the Presidential Working Group on Digital Markets. It involves updating rules, removing legal ambiguities, and supporting innovation in the Web3 space.

The SEC intends to revisit outdated approaches to defining and regulating crypto assets. One of the key steps is developing criteria for classifying tokens. According to Gensler, the agency and market participants must clearly understand in which cases they are classified as securities, digital goods, collectibles, or stablecoins.

"I have tasked the Commission staff to develop clear guidelines that market participants can use to determine whether a crypto asset is a security or an object of an investment contract," said the head of the agency.