The Securities and Exchange Commission (SEC) has announced the launch of Project Crypto, a comprehensive initiative aimed at regulating the digital asset market. The project will focus on drafting new rules for crypto asset distributions, including initial coin offerings (ICOs) and airdrops. Additionally, the SEC plans to clarify the classification of tokens as either securities or commodities, providing much-needed guidance to the industry. As part of Project Crypto, the SEC will also develop tailored disclosure requirements and establish safe harbors to protect investors while fostering innovation. This initiative marks a significant step towards creating a more structured regulatory environment for cryptocurrencies and digital assets.