Paul S. Atkins, the chairman of the SEC, announced the launch of Project Crypto.

The core is to provide institutional support for the comprehensive on-chain transition of the U.S. financial market by reforming securities rules and regulatory systems, allowing encrypted securities to grow legally in the U.S. market, in order to welcome the "Cambrian moment" in the encryption field.
In the face of this "generational" opportunity of cryptocurrency and on-chain finance, the SEC has engaged in self-reflection, self-revolution, actively leading and taking decisive action. In contrast, we hesitate, wanting to speak but holding back; even in HK, although public opinion is lively and institutions are active, it lacks substance, resembling a thunderstorm with little rain, still holding the pipa half-covered, making one sigh.
Continuous innovation and entrepreneurial spirit, along with an inclusive and diverse social governance environment, are the engines driving the sustained prosperity of the American economy!