ChainCatcher news, according to Fox reporter Eleanor Terrett, U.S. Senator Bill Hagerty said he would encourage the SEC to focus on clarity in the cryptocurrency field to build a proper ecosystem and prevent the industry from flowing overseas.

SEC Chairman Gary Gensler countered that breaking the law and not liking the law are different from lack of clarity. Hagerty said that the SEC still has a lot of uncertainty and lack of clarity, and this situation does not need to exist.