Just now, U.S. SEC Chairman Paul Atkins made a significant statement:
"We will build a truly reasonable regulatory framework for Bitcoin and the entire crypto industry.
"The U.S. Securities and Exchange Commission has turned a new page."
This is a real shift in policy.
In the past four years, Gensler forced countless projects to move to Singapore and Dubai with a "law first, ask later" approach; now, Atkins has directly used clear rules to bring innovation and capital back to the U.S.
He has categorized crypto assets into four types:
Digital commodities like Bitcoin fall under the CFTC, NFTs and functional tokens are completely exempt, and only tokenized securities with real investment contracts are regulated by the SEC.
In other words, 90% of projects no longer have to be anxious.
The more intense changes are yet to come.
In 2026, the SEC will formally propose amendments to the Securities Exchange Act of 1934, allowing compliant crypto assets to trade directly on exchanges and ATS; while also introducing customized disclosure exemptions and safe harbors, transforming the coin issuance process from "life or death" to "following the rules."
This is not a relaxation of regulation, but rather a transformation of gray areas into clear tracks.
Fraud will still be zero tolerance, but innovation is no longer a original sin.
The U.S. has truly entered the game this time.
Not just shouting slogans, but writing "the global crypto capital" into the official agenda.
This wave of policies has directly categorized crypto assets into a "life and death ledger," with the top three beneficiaries as follows:
1. Bitcoin (BTC)
Completely classified as a "digital commodity," the SEC has fully released control, and the CFTC takes over. Institutions no longer have compliance concerns, spot ETFs continue to expand, and this round of major upward movement has just begun after the halving.
2. Ethereum (ETH) and other Layer 1 public chain tokens (SOL, $AVAX , $SUI , etc.)
As long as they are sufficiently decentralized, they will be treated as "digital commodities." Staking does not equal securities, and institutions dare to boldly list and open spot ETFs, with capital directly maximized.
3. High-quality DeFi and RWA tokens ($AAVE , MKR, ONDO, PLUME, etc.)
Safe harbors and customized disclosures are here, and coin issuance will no longer be subjected to blanket SEC lawsuits. Compliance costs will plummet, institutional-level funds will dare to enter, and TVL and token prices will rise first as a courtesy.
