On February 12, U.S. SEC Chairman Paul S. Atkins emphasized the need to advance digital asset regulation in Congress on Wednesday: the SEC will work with the CFTC to advance Project Crypto, establish a token classification system, provide clearer guidance, and consider granting exemptions for certain on-chain transactions/activities, while also supporting the CLARITY Act to build a federal framework.
BiyaPay analysts believe this signifies a shift in the industry from "guessing" to "following established rules," leading to more stable compliance expectations and potentially lower market participation costs. As a multi-asset trading wallet, BiyaPay offers cross-border remittances and multi-currency exchange, US/Hong Kong stock trading and convenient deposits and withdrawals, and supports spot and contract trading of digital currencies (Maker zero-fee), helping users allocate global assets more efficiently.
