From Under the Sycamore Tree to the On-Chain World: SEC Calls You to Drive Crypto Innovation!

From paper trading under the sycamore tree to today's on-chain world, the innovation of capital markets has always been closely intertwined with regulatory dynamics. As the market's 'night watchman,' the SEC needs to safeguard innovation while building a solid security defense, and the current wave of crypto is a new test of its balancing act.

During the 'paperwork crisis' of the last century, the SEC promoted the establishment of an electronic clearing system, resolving the chaos of paper trading; in the 1990s, it relaxed regulations on electronic trading systems (ATS), sparking a trading revolution. These past experiences prove that moderate regulatory tolerance is key to market leadership.

Today, the United States has set its sights on becoming the 'World Cryptocurrency Capital.' The SEC's launch of the 'Crypto Project' is a continuation of this line of thought. From the 'GENIUS Act' setting the tone for stablecoins, to clarifying classification standards for crypto assets, simplifying the issuance rules for security tokens, and exploring the 'super app' model, as well as delineating regulatory boundaries for DeFi and on-chain systems, the core logic is clear: we need to ensure that crypto innovation has 'rules to follow' while keeping the U.S. in the front row of the race.

However, challenges still exist. How to define the responsible parties in decentralized projects? How to balance innovation exemptions with risk prevention? The answers to these questions will determine whether the U.S. can truly seize the dividends of the blockchain revolution. But one thing is certain: when regulation no longer views new things with fear, innovation will naturally find its way to breakthrough—just as the leap from paper stocks to electronic trading showed, the market will always run faster than the rules. #美SEC启动ProjectCrypto计划 #web3