#加密圆桌会议要点 #加密圆桌会议要点 This encrypted roundtable meeting, themed “Tokenization — Asset On-Chain: The Intersection of TradFi and DeFi”, will be held on May 12, 2025. The conference aims to explore the opportunities and challenges in the process of migrating securities from traditional databases (off-chain) to blockchain ledger systems (on-chain), seeking to establish a reasonable regulatory framework for crypto assets.

Key Points and Strategic Directions

Reshape Regulatory Models, Establish Reasonable Frameworks

SEC Chairman Paul Atkins emphasized that the SEC will move away from the unpredictable enforcement regulatory model of the past, no longer conducting “special enforcement” actions. Instead, it will leverage existing rule-making, interpretation, and exemption powers to create a “reasonable regulatory framework” tailored for the crypto asset market. This framework aims to clarify the rules for the issuance, custody, and trading of crypto assets while combating fraud and protecting investors' interests.

Issuance Sector: Lower Barriers, Clarify Guidance