Odaily Planet Daily News: Former US SEC official Marc Fagel criticized the agency for its slow pace in regulating the rapidly developing market and hoped that Congress would intervene and regulate the cryptocurrency industry. Marc Fagel said that the US SEC is accustomed to turning a blind eye to the rapidly developing new space. Regarding the US SEC's pursuit of unregistered companies with no record of violations, Marc Fagel explained that registration is a requirement that facilitates information disclosure. He asserted that waiting for companies to violate regulations before taking action is a passive approach that will keep the SEC catching up.