Recently, the chairman of the SEC proposed a new initiative called "Project Crypto," which aims to position the United States as a leader in the global Crypto Assets industry. This project was jointly proposed by the SEC chairman and Commissioner Hester Peirce, and is seen as a guiding light for the future development of the SEC.

In introducing this ambitious plan, the SEC chairman reviewed important turning points in the history of financial markets, drawing parallels to the transformations currently facing the crypto assets sector. He specifically mentioned the scene when the predecessor of the New York Stock Exchange was born in 1792: at that time, a couple of dozen stock brokers signed a simple agreement under a sycamore tree, marking the beginning of modern capital markets. This historical anecdote was used to illustrate how innovation drives the evolution of financial markets.

The SEC chairman emphasized that from the Wutong Tree Agreement to today's blockchain technology, capital markets have been continuously evolving and innovating. He stated that the U.S. financial markets have remained vibrant over the years, able to adapt to new ideas and technological changes. Today, in the face of the emerging field of Crypto Assets, the SEC hopes to lead the U.S. in dominating the global Crypto Assets market through "encryption projects."

This move shows that U.S. regulators are paying attention to the Crypto Assets industry and have a proactive attitude. The SEC appears to be working to balance regulatory demands with the drive for innovation, ensuring that the U.S. remains competitive in the rapidly evolving Crypto Assets ecosystem.

With the launch of "crypto projects", the industry generally anticipates that the SEC will introduce a clearer regulatory framework for crypto assets, providing clear guidance for industry development. This could not only attract more institutional investors into the crypto assets market but also promote relevant technological innovation and application implementation.

However, to achieve the goal of making the United States the "World Crypto Assets Capital", the SEC needs to overcome numerous challenges, including how to balance investor protection and market innovation, and how to coordinate with the regulatory policies of other countries. In the future, the specific implementation details and effects of "crypto projects" will be closely monitored.