SEC Chairman Reflecting on Cryptocurrency Regulation: From 'Ostrich Policy' to Proactive Adaptation, Integrating FinHub Functions The official website of the SEC has released Chairman Paul Atkins' speech at the SEC Speaks meeting. Atkins stated that previously, the SEC had a negative attitude towards cryptocurrency regulation, adopting an "ostrich policy" first and then shifting to enforcement before accountability, without building trust. Atkins believes that regulatory agencies should actively interact with the market and adjust rules to adapt to new technologies. Although the SEC has expressed willingness to communicate with potential registrants, it has not adjusted regulatory requirements, and the leadership has long prevented staff from communicating complex legal issues with market participants. Now, Atkins has instructed the company's finance department to interact transparently with the public. At the same time, various policy departments of the SEC are drafting proposals for cryptocurrency related rules, but staff are still "clearing obstacles" through staff level statements, such as the Exchange and Markets Department issuing FAQs. Although the opinions of the staff are not the rules or regulations of the committee, they can provide useful insights to the public. Atkins also hopes that the committee will allow SEC registrants to custody and trade securities and non securities under the same roof. In addition, Congress has been requested to approve a re funding plan to integrate the functions of the agency's Strategic Innovation and Financial Technology Center (FinHub) into other departments of the agency. As it is seen as a law enforcement tool and has a small scale and low efficiency, its principles and priorities will be integrated into the core of the SEC, allowing innovation to be integrated into the entire SEC culture.