Core insights from the recent crypto roundtable discussion on #加密圆桌讨论 :

1️⃣ SEC's shift in attitude: New Chair Paul Atkins supports self-custody rights (referred to as "American foundational values"), criticizes his predecessor's "regulatory overreach," and has dropped several lawsuits (such as against Coinbase and Ripple).

2️⃣ Controversy over regulatory framework: The focus is on whether to continue using traditional securities laws (such as the Howey Test) or to create a new framework. A16z advocates for technology-neutral new regulations, while Democratic committee members warn against weakening investor protection.

3️⃣ Progress in technical regulation:

DART system: SEC and CFTC collaborate to develop a trading tracking system to monitor on-chain and off-chain transactions, raising privacy concerns.

New custodial regulations: Require crypto custodians to isolate customer assets, enforce insurance, and conduct third-party audits to mitigate bankruptcy risks.

4️⃣ NFT and DeFi in the spotlight: SEC hints at releasing regulatory guidelines for NFTs, while DeFi needs to balance compliance and innovation.

Also mentioned are institutions adopting acceleration (such as Bitcoin ETFs) and insufficient deployment of quantum-resistant encryption technology (with only 37% of systems meeting standards), among other points.