The US SEC launches Project Crypto, an initiative to "modernize" securities regulations to allow for crypto-based trading (Tanaya Macheel/CNBC)

Tanaya Macheel / CNBC:

The US SEC launches Project Crypto, an initiative to “modernize” securities regulations to allow for crypto-based trading  —  The Securities and Exchange Commission on Thursday debuted “Project Crypto,” an initiative to modernize securities rules and regulations to allow for crypto-based trading.