Brother Wu's summary of the speech by the new SEC chairman last night was very comprehensive. I did a night of battle between heaven and man last night, but I didn't want to do it at last. I probably didn't look at it after a glance, because for the SEC, the general direction of Trump must be relaxed. We can see that what the SEC has done recently has settled with almost all the cryptocurrency industries of "suspected securities". The biggest contribution of the SEC to the cryptocurrency field at present is actually spot ETFs, and the approval conditions for spot ETFs have not been announced this time. Of course, coin issuance guidance is also very, very important, but even project parties are not very concerned about this importance, unless it is a purely American team. Of course, this is also my personal opinion. The main content will depend on Brother Wu's summary.