Blockchain Association Advocates for Adaptive Crypto Oversight by SEC
AI Summary:
As reported by Odaily, the Blockchain Association has urged the U.S. Securities and Exchange Commission (SEC) to adopt a more adaptive and phased approach to cryptocurrency regulation under its new leadership. The association contends that with blockchain technology advancing rapidly, imposing rigid regulations could stifle innovation and limit emerging use cases. It warned that excessive regulatory pressure could undermine the United States’ competitive edge in the global blockchain arena. Past enforcement actions by the #SEC—such as lawsuits against various crypto firms—have sparked significant controversy. The Blockchain Association encourages the SEC to foster open communication and cooperation with industry stakeholders to craft a regulatory framework that supports both technological progress and regulatory compliance.
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