TechFlow, September 30 — Paul Atkins, the newly appointed SEC Chair, stated yesterday that he plans to eliminate mandatory quarterly reporting for public companies, allowing them to switch to semi-annual reports instead. He also proposed a "minimum effective dose" regulatory principle, advocating for relaxed disclosure requirements and supporting firms' autonomy in determining reporting frequency based on market demand. This stance closely aligns with Trump's pro-business policies, marking a comprehensive shift of the SEC from strict oversight toward a "light-touch" regulatory approach.
At the same time, the SEC's attitude toward cryptocurrency regulation is also changing, moving from previous high-pressure scrutiny to a more open and accommodating stance, creating greater possibilities for digital asset compliance. However, some investors worry this move could undermine market transparency and impair retail investors' decision-making efficiency. The SEC's transformation may have profound implications for U.S. financial markets and global compliance trends.
The SEC's new direction will create a favorable environment for compliant fintech platforms such as BiyaPay. BiyaPay now supports zero-fee spot and derivatives trading, and enables direct USDT-based trading of U.S. stocks, Hong Kong stocks, futures, and other major global market products, empowering users to achieve true cross-border asset allocation and wealth growth.
