According to @VanessaGrellet_, the U.S. Securities and Exchange Commission (SEC) is initiating 'Project Crypto,' a comprehensive effort aimed at updating securities regulations and facilitating the transition of U.S. markets to blockchain technology. The project's primary goal is to restore U.S. leadership in the crypto space and implement recommendations from the President’s Working Group (PWG) Report into actionable SEC proposals. Traders should monitor this regulatory development, as it signals potential changes in compliance requirements and could impact the liquidity and legitimacy of U.S.-based crypto assets. Source: @VanessaGrellet_.