#BTC# The chairman of the SEC, Paul Atkins, announced externally - "Project Crypto". This Chainplus initiative led by the SEC has a clear goal: to completely rewrite the regulatory logic of the United States in the era of encryption assets, allowing the financial market to "shift on-chain", achieving the ambitions of the Trump administration - to make the United States the "world's encryption capital."

The main content includes —
"1. The SEC will establish a new classification framework for encryption compliance, clearly defining encryption assets as digital collectibles, commodities, or stablecoins, thus ending the controversy over the "Howey Test." It will allow tokenized securities to be issued in the U.S., attracting Wall Street and tech companies to return.
2. The liberalization of trading supports individuals in self-custody of encryption assets, abolishing restrictive rules (such as SAB 121), allowing institutions to explore new custody models, and ensuring investor choice.
3. "Regulatory Super App" simplifies the license application process, allowing a single license to cover multiple services such as securities, non-securities encryption asset trading, and staking lending, promoting the development of a "one-stop" financial platform.
4. Decentralized support recognizes the compliant status of on-chain systems (such as automated market makers), amending the National Market System Rules (Reg NMS) to allow tokenized securities to trade in a non-intermediated environment.
5. The innovation exemption mechanism provides a green channel for new business models that do not fully comply with existing rules, allowing companies to quickly enter the market based on principled conditions (such as regular reporting and whitelist mechanisms).
This plan is the third leap of America's financial infrastructure following the digitization and electronicization, attempting to inject new momentum into the declining financial hegemony of the United States.
The significance of financial on-chain goes far beyond simply putting stocks on-chain; it implies that under the endorsement of the national machinery, all assets can be put on-chain, achieving low-friction globalization and 24-hour trading.
The global liquidity facing more options also means a re-betting on various assets.