#美SEC促进加密资产创新监管框架 A major signal was recently released by US regulators—an SEC executive publicly stated that the entire US financial market could move on-chain within two years.

Does that sound a bit crazy? But if you think about it, traditional financial institutions have been making frequent moves over the past two years. From BlackRock applying for a $BTC spot ETF to major banks testing stablecoin settlements, the maturity of on-chain infrastructure is visibly improving.

Two years is not a long time, but it’s not short either. If things really progress at this pace, it means stocks, bonds, derivatives—all these will need a redefinition of the rules of the game. Decentralized ledgers, smart contracts, real-time settlement… concepts that used to exist only in the crypto world might soon become the norm on Wall Street.

Of course, the shift in regulatory attitude is the most crucial factor. In the past, it was strict defense; now, they’re starting to embrace it. The logic behind this change might be the real point to watch. The market is already voting with its feet; now, it’s up to the implementation side to keep up with expectations.