The Chairman of the U.S. Securities and Exchange Commission, Gary Gensler, recently revealed that they are actively studying how to adjust the existing asset custody system to pave the way for the development of crypto asset custody services. This news immediately sparked heated discussions in the fintech circle. It's worth noting that this is not a minor policy adjustment, but a significant initiative that could reshape the entire digital asset market landscape.
Gensler also emphasized that they have asked the team to start developing a new framework aimed at allowing crypto securities and traditional securities to 'coexist peacefully' in the same market. This idea is indeed forward-looking, as the current market is most troubled by the divide between digital assets and traditional assets. Just imagine, if one day Bitcoin ETFs and Apple stocks could be traded seamlessly on the same platform, how convenient that would be!
However, to realize this vision, significant changes may be needed to the existing 'National Market System Rules.' When this set of rules was originally established, who would have thought that so many tokenized securities would emerge today? The SEC now faces considerable challenges in both protecting investor interests and not stifling innovation in its cradle.
Personally, I feel that this policy adjustment sends an important signal: the U.S. is seriously considering integrating crypto assets into the mainstream financial system. Although the specific implementation details are still being studied, the direction is already very clear. For those engaged in digital assets, this is definitely an important trend worth paying attention to.
