In a joint op-ed, the chairs of the Commodity Futures Trading Commission and the Securities and Exchange Commission announced the relaunch of Project Crypto as a shared policy initiative aimed at providing regulatory clarity for digital asset markets as Congress advances bipartisan legislation for a federal framework. Project Crypto is framed as an SEC-CFTC harmonization agenda built around aligned definitions, coordinated oversight and secure data sharing, with an objective of reducing duplicative or conflicting requirements and avoiding multiple agency registrations for economically similar activities. The chairs also pointed to implementation roadmaps that sequence new requirements, clearer regulatory on-ramps for compliant participants, modernized surveillance tools for on-chain and hybrid markets, and an approach to registration, disclosure, market oversight, custody, clearing and surveillance that is narrowly tailored to material risks and anchored in statutory authorities. The op-ed positioned the initiative as preparatory work to ensure regulators can execute quickly once Congress acts, but it did not set out specific rule proposals or timelines.

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