The SEC chairman stated that "a very small number of crypto assets are securities" and the regulatory shift is hard to prevent the market depth pullback.

Paul Atkins, the Chairman of the SEC, recently confirmed at a blockchain seminar in Wyoming that only a "very small number" of crypto assets fall under the category of securities.

Atkins' stance contrasts sharply with the view of former SEC Chairman Gary Gensler, who stated that "the vast majority of crypto assets are securities."

Atkins stated that tokens themselves should not be automatically regarded as securities. We are developing a dedicated Crypto Assets regulatory framework and will implement the recommendations of the presidential digital asset working group as soon as possible.

Despite signs of a relaxing regulatory environment, the Crypto Assets market remains in a pullback. Just yesterday, the total market capitalization of BTC fell by 3.43% to a low of $3.73 trillion, marking a new low for the past two weeks.

Bitcoin fell to a low of below $113,000 during the Asian morning session, marking a pullback of nearly 9% from last Thursday's high of around $124,500.

At the same time, Ethereum dropped below the key support of $4,100 this morning, completely erasing all the gains from last week. Other altcoins also followed the trend of the market, generally showing a downward trend.

Market analysis suggests that the recent pullback and the divergence in regulatory statements may stem from three main factors: first, although the SEC's stance has softened, the implementation of specific regulations such as the GENIUS Act still requires time;

Secondly, Bitcoin spot ETF has seen a net outflow for 3 consecutive days, indicating that institutional funds are experiencing increased short-term risk aversion; finally, from a technical perspective, BTC has lost the important support level of $115,000, triggering programmatic selling behavior.

Atkins also specifically praised the recently passed stablecoin regulatory framework, calling it "a groundbreaking step taken by Congress and the government." He also revealed that the SEC is conducting a "spring cleaning" aimed at addressing enforcement regulatory issues left over from the previous administration.

This shift in regulatory thinking resonates with personnel changes in the industry. For example, former Executive Director of the White House Crypto Council, Bo Hines, recently announced his joining Tether as its digital currency strategy advisor.

Industry insiders believe that although the SEC's statement is a long-term positive, it is difficult to offset the market's technical adjustment pressure in the short term. Investors need to closely monitor the performance of the $112,000 support level, as a loss of this level may trigger a deeper pullback.

However, the increased certainty of regulatory policies will ultimately benefit institutional funds in long-term allocation of Crypto Assets.