The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have relaunched Project Crypto to provide clearer regulatory guidance for the digital asset industry. Announced on January 29, the initiative aims to align the agencies' approaches to crypto markets, ensuring U.S. financial leadership adapts to technological advancements. Project Crypto seeks to harmonize digital asset regulation by focusing on transparency, predictability, and fairness. The initiative will update surveillance tools and implement rules in a phased manner, addressing fragmented regulations and overlapping jurisdictions. This effort is part of a broader strategy to support innovation while maintaining robust investor protection, as Congress advances legislation for a federal digital asset framework.