The U.S. Securities and Exchange Commission (SEC) has announced 'Project Crypto', an initiative led by SEC Chairman Paul Atkins, to establish clear regulatory guidelines for digital assets. This project aims to replace the current inconsistent enforcement practices with transparent rules, fostering innovation and ensuring market integrity. In collaboration with CFTC Acting Chair Caroline D. Pham, the SEC seeks to provide much-needed regulatory clarity. This move is anticipated to influence market activities positively and encourage greater institutional participation in the cryptocurrency sector.