According to @1HowardWu, the U.S. SEC is embracing private crypto and signaling focus on private stablecoins, private ERC-20s, private tokenized RWAs, private swaps, and verifiable credentials, as stated on X on Dec 8, 2025 (Source: @1HowardWu, X). According to @1HowardWu, traders should monitor these five segments for potential regulatory catalysts and positioning as policy clarity emerges around privacy-preserving stablecoins, ERC-20 privacy, RWA tokenization with privacy, private swap mechanisms, and verifiable credential integrations (Source: @1HowardWu, X).