The SEC crypto project aims to integrate the old and new financial systems

The Securities Exchange Commission (SEC) recently released a major report attempting to integrate traditional and digital finance. The plan revolves around four core themes: establishing a regulatory framework for digital assets, integrating traditional and digital brokerage and custody businesses, harmonizing regulatory standards for cryptocurrencies and trading venues, and streamlining registration and licensing processes. The current announcement is only policy direction rather than final rules, which will need to be discussed publicly to ensure effective implementation.