The US SEC plans to establish a new Presidential Cryptocurrency Working Group 2.0 to further promote digital asset regulation

According to BlockBeats, on March 24th, the US Securities and Exchange Commission (SEC) announced its support for the implementation of the "SEC Crypto 2.0" plan and the establishment of a new Presidential Cryptocurrency Working Group. The document states that the SEC should clarify that digital asset securities trading (including on chain and off chain) must comply with the same trading reporting requirements as traditional securities. Protecting individual investors, providing legal certainty for financial transactions, and promoting financial innovation while ensuring market integrity SEC recommendation: Strengthen the supervision of off chain transactions and establish investor protection and market structure standards for digital asset securities activities facilitated by off chain transactions on trading platforms; Improve the trading reporting mechanism and, in order to fulfill its market supervision responsibilities, the SEC should revise the rules of the Securities and Exchange Act to require timely reporting of all transactions considered as digital asset securities; Establish a cross institutional Digital Asset Trading Repository (DART), and the SEC should collaborate with the Commodity Futures Trading Commission (CFTC) to jointly authorize and regulate a Digital Asset Repository of Transactions (DART).