According to reports from Bi Jie Wang, the Blockchain Association calls on the U.S. Securities and Exchange Commission (SEC) to adopt a flexible and gradual encryption regulatory approach under new leadership. The association stated that with the rapid development of Blockchain technology, the SEC should avoid implementing restrictive policies to prevent hindering technological innovation and the expansion of application scenarios. The association emphasized that overly strict regulations could weaken the competitiveness of the U.S. in the global Blockchain industry. Previously, the SEC's enforcement of regulations in the encryption industry sparked widespread controversy, including lawsuits against multiple encryption companies. The Blockchain Association suggests that the SEC establish a regulatory framework that adapts to technological evolution through open dialogue and industry collaboration to balance innovation and compliance. (Cointelegraph)