What does the SEC's innovation exemption mean for MSX @ MSX_CN? In the past few days, the SEC chairman publicly stated that an innovation exemption for the cryptocurrency industry will be issued within a month. Simply put, it is to provide a legal and feasible channel for innovative encryption projects. In the past few years, regulation in the United States has been more obstructive, and everyone knows that the SEC's attitude is to procrastinate and freeze whenever possible. But this time they took the initiative to say they want to make room for innovation, with two core meanings: one ️⃣ Bring projects that are willing to comply back on track without bypassing the United States two ️⃣ Promote the on chain transformation of financial assets as a serious direction Why is this matter strongly related to MSX? What MSX is doing is the direction that the SEC wants to promote The current regulatory core of the SEC is how to move existing financial markets onto the blockchain, including asset tokenization and verifiable on chain transactions Compliant investor identity verification and market transparency. The positioning of MSX is precisely to move US stocks onto the chain and allow stocks to flow freely as assets on the chain. This is the type of product that the SEC most hopes to have a compliance framework for, not memes or gambling, but rather the digital upgrade of the capital market. So when the SEC says innovation exemptions, the most direct beneficiaries are definitely on chain securitization infrastructure like MSX. The clearer the regulation in the United States, the higher the ceiling for MSX Because the biggest obstacle to US stocks on the chain has never been technology, but regulatory uncertainty. As long as the regulatory authorities give us a statement that we are willing to support tokenized assets, the result will be very direct: If traditional institutions dare to enter, trading volume will skyrocket, and users don't have to worry about compliance risks. The project valuation will be based on financial infrastructure pricing, rather than cryptocurrency startups. The recent $2 billion daily trading volume of MSX has actually proven that user demand is real. Once regulation is clear, this level is still just an appetizer. This has a significant impact on MSX's valuation model. Originally, pricing could only be based on crypto, but in the future, it can be based on global market infrastructure. After the SEC's innovation exemption is launched, tokenized assets, on chain US stocks, digital securities... these are not the future, but the directions that policies will focus on supporting. And MSX happens to be standing at the forefront of this track. S1 has proven the existence of user demand with real transaction volume, and policies are filling in the compliance space. It can be foreseen that this track has the opportunity to undergo significant pricing repairs in the future.