Blockchain Association Urges Flexible Crypto Regulation by SEC

According to Odaily, the Blockchain Association has called on the U.S. Securities and Exchange Commission (SEC) to adopt a flexible and gradual approach to cryptocurrency regulation under its new leadership. The association argues that as blockchain technology rapidly evolves, the SEC should avoid implementing restrictive policies that could hinder technological innovation and the expansion of application scenarios. It emphasized that overly stringent regulations might weaken the United States' competitiveness in the global blockchain industry. Previously, the SEC's regulatory actions in the crypto sector, including lawsuits against several crypto companies, have sparked widespread debate. The Blockchain Association recommends that the SEC engage in open dialogue and collaborate with the industry to develop a regulatory framework that accommodates technological advancements while balancing innovation and compliance.