SEC Chairman: Will promote the drafting of rules related to encryption assets.

Wu learned that Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), stated at an SEC speech that he would promote the drafting of rules related to encryption assets and support an integrated custody mechanism for both securities and non-securities assets. The FinHub, which was originally responsible for cryptocurrency innovation affairs, will be integrated into other business departments to enhance efficiency and abandon the law enforcement orientation. The SEC will return to its positioning of “supporting innovation.”