According to Foresight News, the U.S. Securities and Exchange Commission (SEC) released statements made by its chairman Paul S. Atkins during his testimony before the House Committee on Financial Services and Government Operations on May 20, 2025. He stated that he would prioritize promoting the SEC's regulatory transparency and accountability mechanisms, particularly in the field of digital assets, and emphasized that the SEC should conduct rigorous cost-benefit analyses when formulating rules to avoid adverse impacts of over-regulation on market innovation. Paul Atkins also pointed out that the SEC would strengthen its cooperation with Congress to ensure that its regulatory activities align with legislative intent and adopt a cautious approach to digital asset regulation to avoid hindering technological progress. He stated that the SEC would continue to fulfill its mission of protecting investors and maintaining market integrity while promoting the healthy development of financial markets.