Figure 1 Understand Trump's cryptocurrency relationship diagram These people have access to the world's top resources, Having the ability to mobilize unimaginable financial resources. The Chairman of the US Securities and Exchange Commission (SEC), Paul Atkins, stated that his top priority is to "establish a reasonable regulatory framework for cryptocurrencies" and emphasized the urgent need for clear rules in this field. He pointed out that the SEC is currently focusing on three major policy priorities: 1. Develop clearer guidelines for cryptocurrency issuance, while exploring new registration exemption mechanisms and "safe harbor" policies; 2. Provide consumers with more custody options, including self custody models, and may update the definition of "qualified custodian"; 3. Research integrated trading platforms and promote the modernization reform of regulatory rules for Alternative Trading Systems (ATS) to better adapt to the development of encrypted assets.