A major shift in U.S. securities regulation, the SEC plans to abolish quarterly reports and support the development of Crypto Assets.

ChainCatcher News, the new chair of the SEC, Paul Atkins, stated that he intends to eliminate the mandatory quarterly reports for listed companies, allowing them to switch to semi-annual reports. He proposed a “minimum effective dose” regulatory principle, advocating for relaxed information disclosure requirements, and supporting companies in autonomously deciding their reporting frequency based on market demand. This stance is highly consistent with Trump's pro-business policies, marking a complete shift of the SEC from strict regulation to a “light touch” approach. Meanwhile, the SEC's attitude towards cryptocurrency regulation is also changing, moving from prior high-pressure scrutiny to a more open acceptance, providing more possibilities for digital asset compliance. However, some investors are concerned that this move may weaken market transparency and affect retail investor decision-making efficiency. 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 the functionality of direct USDT trading in major global markets such as U.S. stocks, Hong Kong stocks, and futures, assisting users in achieving genuine cross-border asset allocation and wealth enhancement.