Jamie Selway, Director of the Division of Trading and Markets at the US SEC, says he will rebuild market trust and advance "Project Crypto"

Jinse Finance reported that Jamie Selway, Director of the Division of Trading and Markets at the U.S. Securities and Exchange Commission, stated at the SIFMA Market Structure Conference that digital assets rely on distributed networks, cryptographic proofs, consensus mechanisms, and the automatic execution of code. Because the operation of such assets does not necessarily involve a single entity or central intermediary, they are often referred to as "trustless" assets. However, trust is the cornerstone of our society and the core value of our industry. Under the leadership of Chair Atkins, one of the SEC’s main priorities is to rebuild trust across the entire market. At the same time, the Chair is also committed to expanding the scope of the market to include "trustless" digital assets—assets that contain significant potential for innovation and efficiency gains. Since this summer, the Division of Trading and Markets has engaged in extensive communication with various market participants on digital asset issues, covering areas such as primary issuance, secondary trading, and custody. Our goal is to provide recommendations to the SEC to help achieve "innovation without arbitrage opportunities." As relevant policies are gradually updated to accommodate the development of digital assets, I believe that neither new entrants nor traditional institutions should be given additional advantages. We should not interfere with normal competition among commercial competitors, but rather view market forces as the ultimate arbiter of value.