according to the U.S. Securities and Exchange Commission (SEC), a new Presidential Cryptocurrency Working Group has been established to support the "SEC Crypto 2.0" initiative. The document states, "SEC should clarify that digital asset securities trading (both on-chain and off-chain) must comply with the same trading reporting requirements as traditional securities. Protecting retail investors, providing legal certainty for financial transactions, ensuring market integrity, and promoting financial innovation."

SEC suggests: Strengthening off-chain trading supervision, establishing investor protection and market structure standards for digital asset securities activities facilitated by off-chain transactions on trading platforms; Improving trading reporting mechanisms, to fulfill market oversight responsibilities, SEC should revise the Securities Exchange Act rules to require timely reporting of all transactions deemed to be digital asset securities; Establishing a cross-agency digital asset trading repository (DART), SEC should cooperate with the Commodity Futures Trading Commission (CFTC) to jointly authorize and regulate a Digital Asset Repository of Transactions (DART).