According to Fox Business reporter Eleanor Terrett, today the Chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, and several lawmakers discussed cryptocurrency regulation. Congressman Brad Sherman mentioned that the SEC is the primary institution for protecting investors, and although he believes that there is no need for clear regulation, it can provide clarification. Commissioner Hester Peirce criticized the SEC for its vague regulation of cryptocurrencies, stating that "as regulators, we have failed in our precision. She also stated that regulating cryptocurrencies through law enforcement is inefficient and leads to unclear responsibilities.
Gensler reiterated the SEC's "neutral" attitude towards blockchain technology, emphasizing that the technology itself does not change the economic attributes of investment.
