Coinbase(US:COIN) Hua Er Jie Jian Wen·2025-07-31 21:08Group 1 - The SEC has launched a "crypto project" aimed at modernizing securities regulations to adapt to cryptocurrency-based trading models [1] - SEC Chairman Paul Atkins emphasized the need to evaluate the potential benefits and drawbacks of transitioning from off-chain to on-chain environments [1] - The concept of "tokenization" is gaining interest, which involves issuing digital certificates on blockchain networks that represent publicly traded securities or real assets [1] Group 2 - Crypto trading platforms like Robinhood, Gemini, and Kraken have opened tokenized stock services to non-U.S. users, while Coinbase is seeking SEC approval to offer similar services in the U.S. [2] - Atkins highlighted the importance of "super apps," which integrate multiple services into one mobile application, and called for efficient licensing structures to avoid overlapping regulations [3] - The U.S. government’s digital asset market working group released a report proposing frameworks to enhance the U.S.'s dominance in the digital asset market, which Atkins has directed the SEC's crypto task force to implement [3]