The Chairman of the US SEC has released his vision for cryptocurrency regulation, and the agency is developing a more friendly regulatory approach According to The Block, the newly appointed Chairman of the US Securities and Exchange Commission (SEC), Paul Atkins, announced on Monday a significant change in the agency's approach to cryptocurrency regulation and detailed plans involving issuance and custody, marking a "new era" for the agency. Atkins stated at the SEC's Fourth Crypto Working Group Roundtable that the agency will abandon its past practice of developing policies through ad hoc enforcement actions and instead adopt a more systematic regulatory framework. Atkins criticized the previous government for adopting an "ostrich policy" and only shouting slogans like "Welcome to the SEC for a chat" without adjusting basic requirements such as registration forms for the special nature of encryption technology. Atkins revealed that the SEC is considering three key reforms: clarifying the criteria for identifying security tokens, updating custody rules to allow self custody under specific conditions, and establishing a conditional exemption mechanism for new products. The cryptocurrency industry has responded positively to this. Chia Network CEO Gene Hoffman stated that this is the first time the SEC has publicly acknowledged the investment opportunities brought by public blockchain technology. It is worth noting that multiple encryption lawsuits initiated during Gensler's tenure have been withdrawn after his departure. Observers believe that this policy shift may lay the foundation for the Trump administration to push for the Crypto Innovation Act.