#美SEC推动加密创新监管 The US SEC recently promotes regulatory innovation in cryptocurrency, proposing to establish a 'regulatory sandbox' to allow compliant projects to test and clarify the boundaries of security token issuance. This not only responds to the industry's demand for clear rules but also prevents fraud risks. The chairman emphasizes 'precise regulation' to differentiate between utility tokens and securities, guiding capital towards compliant platforms. This move may accelerate institutional entry, balance innovation vitality with investor protection, and reshape the rules of the cryptocurrency ecosystem.