The recent 'SEC Crypto 2.0' initiative advanced by the U.S. Securities and Exchange Commission (SEC) aims to promote the standardized development of the market by strengthening the regulatory framework for digital asset securities. According to the announcement, the core measures of this initiative include: establishing a presidential cryptocurrency working group to coordinate interdepartmental collaboration; clarifying that digital asset securities trading must comply with the same reporting requirements as traditional securities, covering both on-chain and off-chain activities to enhance legal certainty; amending the Securities Exchange Act rules to mandate trading platforms to promptly report digital asset securities trading data, improving market supervision mechanisms; collaborating with the CFTC to establish a cross-agency digital asset trading repository (DART) to centralize the recording and regulation of trading information, preventing systemic risks. The initiative emphasizes balancing financial innovation with compliance requirements while protecting retail investors and maintaining market integrity.