At the Philadelphia Fed Fintech Conference, SEC Chairman Paul Atkins announced a significant development in Project Crypto, introducing a framework to categorize digital assets under U.S. securities laws. This initiative, referred to as a token taxonomy, aims to provide clarity and structure for the classification of digital assets, potentially impacting how cryptocurrencies and tokens are regulated in the United States. Atkins emphasized the importance of this framework in aligning digital asset regulation with existing securities laws, marking a pivotal step in the SEC's approach to the evolving crypto landscape.