Paul Atkins, chairperson of the Securities Exchange Commission, said in a statement on the X platform that yesterday at the Blockchain Association Policy Summit, the SEC will be committed to promoting clear rules aimed at providing a solid regulatory foundation for digital assets. Previously, it has been clear that most crypto assets such as digital goods, digital tools, and digital collections are not securities, but when projects offer and sell tokens to raise funds and commit to carry out nec...
On May 20th, Xianyu released an announcement on the governance of special projects related to digital collections on May 17th. It said that due to the recent public opinion exposure of the frequent occurrence of false propaganda, transaction fraud, illegal fund-raising and other risks in digital collections transactions, in order to protect the legitimate rights and interests of users, maintain the healthy ecology of Xianyu community, and prevent financial risks, Xianyu community will be prohibi...