The U.S. securities regulatory shift, SEC plans to cancel quarterly reports and support the development of cryptocurrencies

ChainCatcher news, the new chairman of the SEC, Paul Atkins, stated that it plans to eliminate the mandatory quarterly reports for listed companies, allowing them to switch to semi-annual reports. He also proposed the "minimum effective dose" regulatory principle, advocating for relaxed information disclosure requirements and supporting companies in deciding their reporting frequency based on market demand. This position is highly consistent with Trump's pro-business policies, representing a complete shift of the SEC from strict regulation to "light-touch" regulation.

At the same time, the SEC's attitude towards cryptocurrency regulation is also changing, moving from a previously high-pressure review to a more open acceptance, providing more possibilities for compliance with digital assets. However, some investors are concerned that this move may weaken market transparency and affect the efficiency of retail investors' decision-making. The SEC's reform may have a profound impact on the U.S. financial market and global compliance trends. The SEC will create a favorable development environment for compliant fintech platforms, including BiyaPay. BiyaPay now supports zero-fee trading of spot and contract products and offers direct trading of US stocks, Hong Kong stocks, futures, and other global mainstream markets with USDT, helping users achieve true cross-border asset allocation and wealth appreciation.