On March 24, the U.S. Securities and Exchange Commission (SEC) announced support for the "SEC Crypto 2.0" plan, establishing a new presidential cryptocurrency working group. The document states, "The SEC should clarify that digital asset securities transactions (including on-chain and off-chain) must comply with the same transaction reporting requirements as traditional securities. Protect retail investors, provide legal certainty for financial transactions, and promote financial innovation while ensuring market integrity."

SEC recommendations:

Strengthen off-chain transaction supervision, develop investor protection and market structure regulations for digital asset securities activities facilitated by trading platforms through off-chain transactions;

Improve transaction reporting mechanisms, to fulfill market supervision responsibilities, the SEC should revise Securities Exchange Act rules, requiring timely reporting of all transactions considered digital asset securities;

Establish a Digital Asset Repository of Transactions (DART), with the SEC collaborating with the Commodity Futures Trading Commission (CFTC) to jointly authorize and supervise a Digital Asset Repository of Transactions (DART).