Core Viewpoint - The SEC is shifting its regulatory strategy towards supporting innovation in the cryptocurrency sector, moving away from a strict enforcement approach to provide clearer rules and support for financial innovation, particularly in digital assets [1][3]. Group 1: Regulatory Changes - SEC Chairman Paul S. Atkins criticized past enforcement practices that suppressed the cryptocurrency industry, stating that this approach harmed U.S. jobs, innovation, and capital [1][3]. - The new initiative, termed "crypto project," aims to modernize securities regulations to support the migration of markets to blockchain technology, providing clear guidance for innovators [3][4]. Group 2: Clarification of Regulatory Boundaries - Atkins emphasized that most cryptocurrencies are not securities, and the SEC will work to clarify these boundaries to reduce legal uncertainties for market participants [4]. - The SEC will ensure that entrepreneurs can raise funds on-chain without facing endless legal risks, and will support the innovation of "super apps" trading platforms that can offer multiple services under a single regulatory framework [4]. Group 3: Future Financial Landscape - Atkins forecasted the emergence of on-chain capital markets and "AI agentic finance," where autonomous AI agents will execute trades and manage risks at unprecedented speeds while ensuring compliance with securities laws [5]. - The combination of AI and blockchain technology is expected to enhance market efficiency, reduce costs, and democratize access to strategies previously available only to large Wall Street firms [5]. Group 4: International Perspective - Atkins acknowledged the progress made by international counterparts, particularly praising the EU's Markets in Crypto-Assets (MiCA) regulation as a comprehensive framework for digital assets, suggesting that the U.S. can learn from it [6]. - Despite this, he reaffirmed the commitment to ensure that the U.S. remains a leader in creating an environment that supports financial innovation [6].