SEC Chair clearly promotes cryptocurrency regulatory framework, the United States may usher in a federal digital asset regulation era

On February 13, it was reported that during a Senate hearing, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins publicly outlined his latest stance on cryptocurrency regulation for the first time. He stated that establishing a federal-level regulatory framework for the crypto asset market in the United States is “long overdue.” This statement is seen as a significant policy signal, indicating that the U.S. is shifting from an “enforcement-first” approach to a phase of “rule-based” system development.

For years, U.S. regulation of the crypto industry has primarily relied on case-by-case enforcement, lacking unified standards, with unclear compliance pathways for companies, and frequent obstacles to capital and innovation. Atkins pointed out that this fragmented approach can no longer accommodate the current market scale, and regulators need to coordinate under a common framework rather than acting independently.

He also confirmed that the SEC and the U.S. Commodity Futures Trading Commission (CFTC) are engaging in deep collaboration to lay the groundwork for future legislation. Since early 2026, he has been leading an inter-agency initiative called “Project Crypto,” aimed at clarifying the boundaries of digital asset classification and aligning regulatory policies with bills currently under discussion in Congress. The Digital Asset Market CLARITY Act is regarded as a key reference document; if ultimately passed, it will redefine the regulatory authority over security-type and commodity-type digital assets.

This shift has not been without resistance. Senator Elizabeth Warren publicly questioned during the hearing whether regulatory enforcement might be weakened and mentioned the potential influence of political donations on policy direction. This reflects ongoing domestic disagreements in the U.S. regarding the role of digital assets.

Nevertheless, the more significant change lies in the attitude itself. Regulatory agencies are no longer questioning whether cryptocurrencies should exist but are beginning to discuss how to incorporate them into the formal financial system. For the market, this helps reduce policy uncertainty; for institutional investors, it can lower compliance risks; and for developers, it provides clearer boundaries for innovation.

While comprehensive legislation still requires time, this statement indicates that the U.S. is moving toward a unified and predictable crypto regulatory era, which could profoundly impact the global digital asset market landscape.

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