Brother Wu's summary of the speech by the newly appointed SEC chairman last night is very comprehensive. I spent the whole night in a dilemma, and in the end, I couldn't bring myself to take action; I just glanced at it and didn't look further because, for the SEC, under Trump's overarching direction, it is bound to be lenient. We can see that the SEC has recently reconciled with almost all cryptocurrencies that are "suspected securities."

The SEC's biggest contribution to the cryptocurrency field at the moment is actually the spot ETF, and the approval conditions for the spot ETF were not disclosed this time. Of course, guidance on token issuance is also very, very important, but this importance is not something that even the project parties care too much about, unless it is purely an American team.

Of course, this is just my personal opinion; the main content is still best viewed in Brother Wu's summary.

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