[U.S. SEC Chair: The Era of Cryptocurrency Has Arrived, Most Tokens Are Not Securities] Paul S. Atkins, Chair of the U.S. SEC, stated that the era of cryptocurrency has arrived, and most crypto tokens do not fall under the category of securities. The SEC will clearly define regulatory boundaries, support on-chain financing, and reduce legal uncertainties, while encouraging innovation in 'super app' trading platforms to promote trading, lending, and staking services under a unified regulatory framework. Investors and related institutions should have the freedom to choose from diverse custody solutions.