**[SEC Chair and CFTC Chair Launch Project Crypto to Harmonize Crypto Regulation]** Odaily Planet Daily News – According to disclosures on the SEC website, SEC Chair Paul S. Atkins and CFTC Chair Mike Selig officially launched the joint initiative Project Crypto on January 29 at the CFTC headquarters. The initiative aims to coordinate regulatory standards for the crypto market between the two agencies in response to bipartisan market structure legislation being advanced by Congress. Paul S. Atkins stated that the current regulatory model struggles to adapt to the realities of technological integration, and fragmented regulation has become a source of confusion for investors rather than protection. Project Crypto will seek to establish a unified framework in areas such as trading, clearing, custody, and risk management, while adhering to the principle of minimal effective regulation for moderation. Additionally, over the past year, SEC staff have provided guidance on memecoins, stablecoins, mining, staking, and broker-dealer financial responsibilities, clarifying that registered advisors and regulated funds may store crypto assets at certain state-chartered financial institutions. This initiative marks a shift in regulatory focus from enforcement-driven approaches to clearer rules, aiming to reduce compliance costs through inter-agency collaboration.