SEC Chairman: Promoting transparency and accountability in the SEC's regulation of the encryption sector.

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[US SEC Chairman: Promoting Transparency and Accountability Mechanisms in SEC Regulation of the Encryption Field] On May 20, according to an official website report, the U.S. Securities and Exchange Commission (SEC) released testimony from its chairman Paul S. Atkins on May 20 before the House Financial Services and General Government Appropriations Subcommittee. He stated that he would prioritize promoting the SEC's regulatory transparency and accountability mechanisms, particularly in the digital asset field, and emphasized that the SEC should conduct thorough cost-benefit analyses when formulating rules to avoid adverse effects of excessive regulation on market innovation. Paul Atkins also pointed out that the SEC will strengthen its cooperation with Congress to establish a reasonable regulatory framework for the digital asset market, ensuring that its regulatory activities align with legislative intent, and adopting a prudent approach to digital asset regulation to avoid hindering technological advancement. He stated that the SEC will continue to fulfill its mission of protecting investors and maintaining market integrity while promoting the healthy development of financial markets.

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GateUser-447356cdvip
· 05-20 16:00
The on-chain burning of GateToken (GT) for the first quarter of 2025 has been successfully completed. A total of 1,542,910.7518074 GT has been transferred to the burn address, with a value exceeding $33.84 million.
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