The U.S. Securities and Exchange Commission (SEC) has recently advanced a plan called 'SECCrypto2.0', aimed at establishing a clear regulatory framework for crypto assets. At the core of this plan is the establishment of a dedicated cryptocurrency working group, led by Commissioner Hester Peirce, known as the 'crypto mom'.

The main objectives of the working group include:

• Clarifying regulatory boundaries: Distinguishing which crypto assets fall under the category of securities and which do not, in order to eliminate legal uncertainty within the industry.

• Providing registration pathways: Offering feasible registration routes for crypto projects to ensure compliance while encouraging innovation.

• Designing information disclosure frameworks: Establishing reasonable information disclosure requirements to protect investor rights.

• Prudent enforcement: Allocating enforcement resources appropriately to ensure market fairness and combat fraud.

Additionally, the working group will coordinate with federal agencies such as the Commodity Futures Trading Commission (CFTC), as well as state and international regulatory bodies, and provide technical support to Congress. This marks an important step for the U.S. in the field of cryptocurrency regulation, aimed at providing clearer guidance for the industry and promoting its healthy development.

Recently, the SEC cryptocurrency working group held its first public meeting to discuss the applicability of securities law to digital assets. The meeting was chaired by Republican Commissioner Hester Peirce, with participants including former SEC Commissioner Troy Paredes and Miles Jennings from a16z crypto. This meeting signifies a shift in cryptocurrency policy under the Trump administration, exploring whether a new regulatory framework is needed for crypto tokens that differs from traditional securities.

These initiatives demonstrate that under the new leadership, the SEC is actively seeking to support innovation and development in the cryptocurrency industry while protecting investors.