美SEC掌门人：全球金融上链，就在未来几年

Core Viewpoint - The SEC is planning to introduce an "innovation exemption" next month, allowing companies to conduct controlled innovation experiments, while emphasizing the need for a clear regulatory framework for cryptocurrency and digital assets [2][7]. Group 1: SEC's Vision and Regulatory Changes - SEC Chairman Paul Atkins highlighted the significant transformation in the U.S. capital markets over the past 30 years, driven by technological advancements and the shift from manual trading to electronic systems [3][4]. - The SEC aims to modernize the financial services landscape by embracing new technologies, ensuring that the U.S. remains at the forefront of cryptocurrency regulation [6][7]. - The SEC has rebranded its "Crypto Task Force" to "Project Crypto" and is working on a new classification framework to define which assets qualify as securities, with a focus on tokenized securities [7][8]. Group 2: Tokenization and Market Dynamics - Tokenization is described as using smart contracts or blockchain tokens to represent underlying securities, enhancing transparency in ownership structures [4][5]. - The potential for "T+0" settlement through blockchain technology could replace the current "T+1" settlement cycle, reducing market risks and increasing transparency [5][6]. - The SEC is coordinating with the CFTC to create a more efficient regulatory environment, addressing historical discrepancies that have hindered the development of potential products [8]. Group 3: Legislative Developments - The passage of the Genius Act marks a significant step in recognizing digital products like stablecoins, with ongoing discussions about further legislative measures for digital assets [7][8]. - The SEC is committed to providing a clear compliance framework for investors while ensuring a stable environment for innovators to develop new products [7].