SEC Commissioner Calls for Congressional Action on Digital Asset Regulation

U.S. Securities and Exchange Commission (SEC) posted on X, highlighting the need for legislative clarity in digital asset regulation. SEC Commissioner Paul S. Atkins emphasized the importance of a comprehensive law from Congress to support the SEC's regulatory efforts. He noted that while the SEC possesses broad authority to interpret and grant exemptions under various securities laws, a legislative framework is crucial to address the current regulatory gaps in the digital asset sector. Atkins pointed out that this legislative support is the missing link in effectively regulating digital assets.