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The U.S. Securities and Exchange Commission (SEC) today submitted a regulatory interpretation document to the Office of Information and Regulatory Affairs (OIRA), clarifying how federal securities laws apply to certain crypto assets and related transactions. The document, issued by the Commission, indicates that it believes this interpretation will have a significant impact on the market. The document is independent from the SEC's yet-to-be-finalized proposal for crypto asset issuance rules. Once it passes OIRA review, three commissioners will vote on it. An SEC spokesperson stated that the Commission will review interpretive guidance on the classification of crypto asset tokens to ensure that investors and innovators have clear regulatory obligations.

Gelonghui March 5th｜Australia's S&P/ASX200 index opened up by 61.00 points, an increase of 0.69%, at 8962.20 points.

Geopolitical tensions are intensifying, and U.S. inflation pressure has become the focus of the market. Investors are reassessing the Federal Reserve's rate-cut path, and U.S. Treasury yields are rising. Analysts point out that the surge in oil prices has shifted the market's attention from "risk aversion" to "inflation defense." If military conflicts in the Middle East continue to affect crude oil supply, it will push up U.S. inflation pressure, reduce the Federal Reserve's monetary policy flexibility, and increase uncertainty about the global economic outlook.