The Chairman of the U.S. Securities and Exchange Commission (SEC) announced a new initiative, "Project Crypto," aimed at modernizing securities regulations for the crypto industry. Speaking at the OECD Global Financial Markets Roundtable, the Chairman clarified that most crypto tokens will not be classified as securities. This move is intended to support innovative platforms that offer trading, lending, and staking services under a unified regulatory framework. The SEC plans to work closely with international regulators to enhance capital market innovation and ensure regulatory coordination. This initiative marks a significant step towards providing clearer guidelines for the crypto industry, potentially fostering growth and innovation while maintaining regulatory oversight.