[Shocking! The U.S. Securities and Exchange Commission is under criticism! When will the digital asset regulatory framework be introduced? ]

According to Cryptoslate,

The U.S. House of Representatives Financial Services Committee held a hearing titled "The Future of Digital Assets: Providing Clarity to the Digital Asset Ecosystem."

Jeremy Allaire, CEO of #Circle ($USDC ), and Emin Gün Sirer, CEO of Ava Labs ($AVAX ), respectively emphasized the potential of digital currency and blockchain technology in their speeches,

But Coy Garrison, a partner at Steptoe & Johnson LLP, and Thomas W. Sexton, president and CEO of the National Futures Association (NFA), criticized the SEC's current approach.

Witnesses unanimously agreed on the need for clearer digital asset regulations,

But there is disagreement over how to achieve this.

20230613 update

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