The SEC has recently increased its regulatory efforts in the disclosure of crypto asset securities, requiring project parties to provide detailed financial, governance, and risk information when issuing tokens. This means that crypto projects will be closer to the compliance standards of traditional financial markets. While this provides more protection for investors, it may also increase the compliance burden on startups. In the future, transparent disclosures will become a key step for the sustainable development of the crypto industry. What do you think of the SEC's actions? Is it promoting industry maturity or limiting innovation?