The Blockchain Association urges the U.S. SEC to adopt a flexible approach to cryptocurrency regulation

ChainCatcher news, according to Cointelegraph, the Blockchain Association is urging the U.S. Securities and Exchange Commission (SEC) to adopt a flexible and progressive approach to cryptocurrency regulation under its new leadership. The association stated that as blockchain technology rapidly evolves, the SEC should avoid implementing restrictive policies that could hinder technological innovation and the expansion of application scenarios.

The association emphasized that overly strict regulation could undermine the U.S.'s competitiveness in the global blockchain industry. Previously, the SEC's regulatory enforcement in the cryptocurrency sector has sparked widespread controversy, including lawsuits against several crypto companies. The Blockchain Association recommends that the SEC establish a regulatory framework that adapts to technological evolution through open dialogue and collaboration with the industry, in order to balance innovation and compliance.