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The SEC encryption project aims to integrate the old and new financial systems.
[SEC Crypto Project Aims to Integrate New and Old Financial Systems] The U.S. Securities and Exchange Commission (SEC) recently released an important report attempting to integrate TradFi with digital finance. The plan revolves around four core themes: establishing a regulatory framework for digital assets, integrating traditional and digital brokerage and custody businesses, unifying regulation standards for Crypto Assets and trading venues, and simplifying the sign up and licensing processes. What has been announced so far is only a policy direction rather than final rules, and further public discussion is needed to ensure effective implementation.