BiyaPay Analyst: US SEC Signals Progress on Regulation, Driving Token Classification Framework

February 12, SEC Chairman Paul S. Atkins emphasized advancing digital asset regulation in Congress on Wednesday: SEC will collaborate with CFTC to advance Project Crypto, establish a token taxonomy framework, provide clearer guidance, and consider exemptions for certain on-chain transactions/activities, while supporting the CLARITY Act to construct a federal framework.BiyaPay analysts believe this means the industry is transitioning from "speculation-based" to "rule-based," with more stable compliance expectations and potential cost reductions for market participants. BiyaPay, as a multi-asset trading wallet, offers cross-border remittances and multi-currency exchange, US/HK stock trading with easy deposits and withdrawals, and supports spot and contract trading for digital assets (Maker zero fee), helping users efficiently allocate global assets.