According to a report from BiJie Wang, Nellie Liang, the Deputy Secretary of the U.S. Treasury, recently stated that the market structure rules developed for cryptocurrencies could ultimately serve as the foundation for the regulatory framework of the entire U.S. financial system. In her speech, she pointed out that as the integration of digital assets and TradFi accelerates, adjustments to existing securities regulations may affect the operations of broader financial markets. This statement echoes the cryptocurrency legislation process being promoted in the U.S., aiming to clarify Token classifications and the responsibilities of trading platforms. Analysts believe that if the new regulations are implemented, they could provide a compliance pathway for stablecoins and Decentralized Finance projects, but may also trigger jurisdictional disputes between securities law and commodity law. (Source: CoinDesk)