#美SEC推动加密创新监管 The SEC is accelerating the construction of a regulatory framework for cryptocurrencies to balance innovation and security. It paves the way for compliant projects by clearly defining security tokens and strengthening information disclosure requirements; meanwhile, it explores sandbox pilots to allow companies to test new business models like DeFi and NFTs within a controlled scope. The regulatory focus shifts from a "one-size-fits-all" approach to "classified policies," curbing fraudulent practices while leaving room for the application of blockchain technology in areas like payments and asset management, attempting to reshape the cornerstone of trust in the crypto market.