Wu Shuo learned that the U.S. SEC proposed in the "Draft Strategic Plan for Fiscal Years 2026–2030" to establish a "rational, consistent, and principles-based" regulatory framework for digital assets and distributed ledger technology, clarifying the boundaries of securities law applicability in the digital asset space, supporting compliant financing through token issuance, and promoting the development of on-chain financial infrastructure. The SEC also stated that it will promote custody, trading, and staking services to operate under appropriate regulation, and clarify the division of regulatory responsibilities between the SEC and CFTC, in order to provide clearer and statutorily authorized regulatory rules for the crypto market.