PANews reported on December 13 that Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated in an article published on the X platform that the U.S. financial market is about to transition to on-chain and will prioritize innovation and actively adopt new technologies. The SEC has sent a letter to the American Depository Trust & Clearing Corporation (DTC) stating that it will not take action. On-chain markets will bring investors greater predictability, transparency, and efficiency. Now, DTC participants can directly transfer tokenized securities to the registered wallets of other participants, and these transactions will be recorded and tracked by the DTC.