Internet reports that the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Task Force issued a working memorandum, revealing that it had held a meeting with representatives of MV Global Services LLC, Paid Network, and Ashbury Legal PC on April 28 to discuss issues related to digital asset regulation. The meeting focused on the identification of securities attributes of digital assets, market access for retail investors, and Paid Network's business expansion plans in the United States. MV Global emphasized that current regulatory uncertainty in the United States has led to a tendency for start-up projects to register in jurisdictions such as Singapore, Switzerland and the Cayman Islands, which may weaken the United States 'leadership in blockchain innovation. In addition, the current qualified investor rules limit the opportunities for retail investors to participate in early projects, and excessively onerous KYC/AML compliance requirements also burden start-ups with limited resources. Therefore, the U.S. SEC is called on to promote a clearer regulatory framework to support the U.S. competitiveness and innovation capabilities in the field of digital assets.