[Breaking News｜SEC "lost for words" overnight, Crypto Assets went from blacklisted to honored guest]

On November 17, 2025, the U.S. Securities and Exchange Commission (SEC) released the 2026 fiscal year examination priorities report.
A full 30 pages, encryption assets, digital assets, Crypto, Token, not a single word.

This is not an omission; this is a historic-level signal.

In the past five years, the SEC has listed "Crypto Assets" as a high-risk area every year, frequently issuing letters, filing lawsuits, and freezing assets.
Now, less than a year after taking office, the new chairman Paul Atkins has completely "deleted" these four characters from the report.

The market understood in just one day:
The United States regulatory body has made a major shift, officially switching from a "crackdown" to an "embrace" mode.
Why is this time "not mentioning" more shocking than "wildly mentioning"?
Because the real power transfer has already been completed behind the scenes.
According to the latest bill progress and sources in Washington:
1. The House of Representatives' "CLARITY Act" was overwhelmingly passed this July with a vote of 294 to 134. 
→ The spot market for "digital commodities" such as Bitcoin and Ethereum is officially assigned to CFTC regulation. 
→ The SEC retains jurisdiction only over "security tokens," with its scope reduced by more than 80%.
2. The Senate version of the draft was just released on November 10, and the core provisions are almost identical to those of the House of Representatives. → As early as Q1 2026, the United States will see the birth of the first national "Crypto Assets Market Structure Act."
3. Trump personally promised: to sign the bill "Make America the Crypto Assets Capital Again" in the first year of his administration.
In other words,
The SEC deliberately "did not mention" Crypto Assets in today’s report.
It's not because it's not important, but because it no longer needs the SEC to intervene personally.

What does it mean for the CFTC to take over?
Four simple words: Rewrite the game rules.
• In the past: The SEC classified 90% of tokens as securities, and exchanges lived under the shadow of being "sued at any time."
• Future: The CFTC only regulates "commodity attributes" and does not inquire whether you have an "investment contract". Bitcoin, Ethereum, SOL, ADA... all recognized as commodities, making the spot market directly legal.
This is not just minor repairs; this is the "rebirth" of the American Crypto Assets industry:
• Institutional funds will flood in like a burst dam (Bitcoin spot ETF is just an appetizer)
• DeFi can openly register in the United States, advertise, and accept USD channels.
• Stablecoin issuers finally have legal backing and no longer have to worry about running to Singapore.
• Ripple, Coinbase, Uniswap and other lawsuits lasting several years can basically be declared "not guilty concluded".

Conclusion

When regulators no longer see you as an enemy but treat you as a "national strategic asset,"
The real bull market has just begun.
In 2026, the United States will transform from "encryption police" to "encryption lighthouse."
And all of this,
Starting from the SEC's report that "deliberately said nothing."
Are you ready?
The great era of Crypto Assets that belongs to the United States and the entire world has officially begun.
#SEC與CFTC恢復運作 #美國結束政府停擺 #當前行情抄底還是觀望？ #加密市場觀察 $BTC $ETH $