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The SEC chairman participates in a White House meeting, and a regulatory plan for Crypto Assets may be introduced before the end of the year.
U.S. SEC Chairman Gary Gensler participated in the White House's "Summer Marathon" meeting to discuss the regulatory framework for Crypto Assets. According to attendees, the meeting aimed to develop a comprehensive regulatory plan for Crypto Assets to balance innovation and investor protection. Gensler emphasized the importance of clear legal boundaries and regulatory transparency, while also mentioning the need to follow emerging areas such as stablecoins, Decentralized Finance, and NFTs. White House officials stated that they hope to propose specific regulatory measures by the end of the year. The results of this meeting could have a profound impact on the entire Crypto industry, and the market reacted positively, with the prices of major Crypto Assets experiencing slight rises after the news was announced. (Jin10)