SEC Chairman Atkins issued a document outlining the roadmap for cryptocurrency regulation, pointing out that the custody provisions of the Investment Advisory Act and the Investment Company Act are lagging behind, and the proposal aims to fill the gap in custody capacity. Atkins has clarified that the SEC regulatory sequence includes ending the use of law enforcement as a substitute for regulation, a no action letter for the DTC securities tokenization pilot in December 2025, a classification standard for tokenized securities in January 2026, registration instructions for tokenized securities trading interface brokers in April, a framework proposal for the issuance of Regulatory Crypto Assets in August, and innovative exemptions, and has announced that more regulatory proposals are on the way. (Source: X account of SEC Chairman Atkins)