According to CoinMeta, Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), announced on August 19 the introduction of new regulations on "cryptocurrency asset regulation" aimed at providing a clear compliance path for the blockchain industry. Gensler pointed out that how projects can raise funds for cryptocurrencies during the network development phase while complying with federal securities laws has always been a challenge for the industry. The proposed new regulations will provide a clear compliance path for issuers of related investment contracts, and he also supports Congress in continuing to advance relevant legislation.