News

ChainCatcher news, despite the recent poor market price performance, the outflow volume of ETH and BTC from trading platforms remains strong, indicating that the entire market is still continuously accumulating. In the past week, the net outflow of BTC from trading platforms was valued at $5.75 billions, while the net outflow of ETH from trading platforms was valued at $3.08 billions.

Jinse Finance reported that Paul S. Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), issued a statement regarding the Commission's simultaneous consideration of settlement proposals and related exemption requests. Atkins believes that one area in urgent need of change is the way the Commission evaluates settlement proposals in enforcement actions, which are often accompanied by requests for exemptions from automatic disqualification proposed by the Commission, as well as other collateral consequences resulting from related enforcement actions. After consultation with the Division of Enforcement, the Division of Corporation Finance, and the Division of Investment Management, Atkins stated that the Commission should restore its previous practice: allowing settling parties to submit settlement proposals that address both the enforcement action and related exemption requests simultaneously. This beneficial practice, which promotes fairness and conserves Commission resources, was unfortunately altered by the previous administration. This approach will improve the efficiency and certainty of the settlement process, avoiding isolated internal reviews of matters—key factors in achieving comprehensive settlements that best serve investors' interests. Earlier today, it was reported that Paul Atkins responded to conflicts of interest in the cryptocurrency sector at a Georgetown University conference. Atkins stated that the SEC "will enforce when necessary," and also revealed plans to launch an "innovation exemption" policy by the end of the year to accelerate the marketization of on-chain products and services.