US SEC Chair Says Will Quickly Implement President's Digital Asset Working Group Recommendations
The U.S. Securities and Exchange Commission (SEC), as an independent regulatory body, has a core responsibility to protect investors, maintain fair and orderly markets, and facilitate capital formation. In the realm of cryptocurrency regulation, the SEC has long adopted a relatively stringent enforcement stance. However, with the ascension of the new Chair, Paul Atkins, the agency's policy direction has undergone a historic shift.
The President's Digital Asset Working Group released an important report on July 30 this year, marking a key achievement in the six-month policy transformation. The working group proposed clear recommendations to advance and realize the President's vision for crypto and digital finance, laying the policy foundation for the U.S. to become a global cryptocurrency hub.
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