[U.S. SEC Chair: Providing Clearer Regulation for On-Chain Securities and Digital Assets] According to a report by Jinse Finance, on May 29, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins released a speech in which he stated that the agency is advancing the 'SEC New Era' regulatory reforms. Key focuses include modernizing digital asset regulation, promoting the development of on-chain capital markets, and supporting the U.S. in becoming a global crypto hub. Recently, the SEC has clarified which digital assets qualify as securities and which do not, while also advancing an innovative exemption mechanism for 'tokenized listed securities' and studying how on-chain trading systems can fit within the existing regulatory framework. Additionally, Paul Atkins emphasized that the SEC will reduce 'over-disclosure' and regulatory burdens, pushing forward the 'Make IPOs Great Again' reform. This includes lowering compliance costs for listed companies, increasing IPO flexibility, and formally proposing the repeal of climate disclosure rules introduced during the previous administration.