**Crypto Clash: SEC Faces Heat in Congressional Hearing**

The SEC took some serious heat during a House Financial Services Committee hearing hosted by its crypto subcommittee on Wednesday. Former SEC Commissioner Daniel Gallagher, now at Robinhood, shared his frustrations over the regulator's handling of digital assets, arguing that the agency has ignored its own authority to establish clearer rules.

Key Points:

- Gallagher highlighted Robinhood's struggles to comply with SEC's crypto views.

- Lawmakers criticized the SEC's confusing stance on "crypto asset security."

- Democrats focused on fraud in the industry, with Rep. Sean Casten taking aim at Trump's crypto project.

What do you think? Should the SEC take a more proactive role in crypto regulation? Share your thoughts in the comments! 🚀