Odaily Planet Daily News: Chairman Paul S. Atkins of the U.S. Securities and Exchange Commission testified before the House Financial Services Committee on Wednesday, outlining his key focus areas and emphasizing that the SEC will continue to prioritize protecting investors, maintaining fair and efficient markets, and promoting capital formation. At the same time, the SEC aims to balance regulation between traditional markets and digital assets, including:
-
Reducing corporate compliance costs: Highlighting that publicly traded companies spend up to $2.7 billion annually on annual report disclosures, emphasizing the need to streamline, modernize, and focus on substantive information to make disclosures more useful and easier to understand.
-
Supporting IPOs and capital formation: Proposing three major initiatives—disclosure centered on substantive information, depoliticizing shareholder meetings, and providing companies with alternative litigation options—to encourage innovation and protect investors.
-
Promoting digital asset regulation: The SEC is collaborating with the CFTC on Project Crypto to develop a token classification system and provide clear regulatory guidance, while considering exemptions for on-chain transactions and activities. The SEC supports Congress in advancing the CLARITY Act to establish a federal framework for the crypto market.
-
Reviewing traditional regulatory tools: Conducting a comprehensive review of the Consolidated Audit Trail (CAT) system and has taken measures to cut annual costs by approximately $92 million.
-
Strengthening investor protection and enforcement: Returning to core mission, focusing on combating fraud, insider trading, financial misconduct, and cross-border manipulation. Additionally, establishing a cross-border enforcement task force and suspending trading of stocks from several Asia-Pacific issuers to prevent manipulation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump's State of the Union address made no mention of cryptocurrencies and did not signal a rate cut, with high interest rate expectations suppressing Bitcoin and risk assets.
On February 25, U.S. President Trump delivered a nearly two-hour State of the Union address, setting a record for the longest in history. Although the speech covered core topics such as taxation, artificial intelligence, tariffs, and inflation, it completely omitted any mention of cryptocurrency policies or digital asset regulation. This stance was interpreted by the market as a lack of clear policy catalysts for the crypto industry in the short term. Despite his children Donald Trump Jr. and Eric Trump being deeply involved in crypto projects like World Liberty Financial, digital assets have yet to enter the official policy narrative framework.
On a macro level, Trump defended tariff policies in his speech and expressed dissatisfaction with relevant Supreme Court rulings, while also signaling that tariffs would be maintained through other legal channels. However, the repeated adjustments of tariff rates from 10% to 15% have increased trade policy uncertainty. The European Union has paused trade agreement progress, and India has delayed negotiations, leading to a rise in global macro risk premiums, which directly impacts the valuation logic of risk assets.
GateNewsBot2m ago
Payoneer applies for a banking license with OCC, plans to issue cross-border stablecoins
Global financial services company Payoneer has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish PAYO Digital Bank, obtaining a national trust bank license. If approved, Payoneer will be able to issue a stablecoin compliant with the GENIUS Act, PAYO-USD, and provide its customers with regulated stablecoin custody, payments, and cross-border currency exchange services.
MarketWhisper48m ago
Bitunix Analyst: High Market Position in Central Bank Personnel, Japan's Interest Rate Path Adds New Uncertainty
The Japanese government has nominated a new member to join the Bank of Japan's Monetary Policy Committee, and market expectations suggest that future interest rate hikes will be more cautious, increasing policy uncertainty. The USD/JPY has strengthened in the short term, and the yen's weakness may continue. In the crypto market, BTC rebounded after a long liquidation, and price fluctuations are still related to leverage rebalancing.
GateNewsBot1h ago
Will the cap on UK stablecoins impact its status as a financial hub? Brian Armstrong warns that tightening regulations and soaring profits may create a hedge.
On February 25th, the CEO of the United States' largest compliant CEX, Brian Armstrong, publicly opposed the Bank of England's proposed stablecoin holding limit policy, stating that the related rules could weaken the UK's competitiveness in the global digital asset and stablecoin markets and suppress the development of the crypto innovation ecosystem. He expressed on social media that if current regulatory directions restrict the size and application scenarios of stablecoins, it could lead to capital and blockchain enterprises migrating to more friendly jurisdictions.
According to the proposed framework, the Bank of England plans to set a limit of approximately £20,000 for individual stablecoin holdings, impose higher limits for enterprises, and require 40% of reserves to be held in non-interest-bearing central bank accounts. Some industry insiders interpret this design as a direct constraint on stablecoin liquidity and yield models, potentially affecting core applications such as stablecoin payments, tokenized assets, and on-chain settlements. Several UK lawmakers also warned that excessive restrictions could weaken fintech innovation and reduce institutional participation.
GateNewsBot2h ago
XRP Today's News: ETF Net Inflows Exceed 1.2 Billion, Institutional Demand Supports Mid-Term Outlook
On February 24, the US CB Consumer Confidence Index unexpectedly rose to 91, boosting the Federal Reserve's hawkish expectations. The probability of a rate cut in June decreased to 49.6%, putting short-term pressure on XRP. However, on the same day, US XRP spot ETF inflows reached $3.04 million, with a total net inflow of $1.23 billion since its launch in November last year. Continuous buying by institutional investors has formed structural support.
MarketWhisper4h ago
White House Explores Stablecoins to Strengthen Dollar Power
The White House is considering stablecoin legislation to boost the dollar's global role, with support from banks. The GENIUS Act mandates regulatory oversight for stablecoins, promoting efficiency in payments while ensuring traditional banks remain vital for lending.
CryptoFrontNews16h ago
