Catenaa, Friday, May 09, 2025-The Blockchain Association last Friday urged the US Securities and Exchange Commission to adopt a flexible, phased approach to crypto regulation as the agency reassesses its stance under new leadership.
In a letter to the SEC’s newly formed Crypto Task Force, the group — whose members include Coinbase, Ripple, and Uniswap Labs — warned against rigid rules based on outdated equity market frameworks. “The Commission should avoid adopting rules that limit who can use blockchain technology or its use cases,” the letter stated.
The SEC is gathering public input as it develops a revised regulatory roadmap for digital assets. The shift follows the departure of former SEC Chair Gary Gensler, whose tenure was marked by aggressive enforcement against crypto firms and an insistence that most digital assets were securities.
New SEC Chair Paul Atkins has signaled a more open stance, saying digital assets can deliver “huge benefits” if properly governed. The task force, established by former acting chair Mark Uyeda, has hosted roundtables on staking, custody, and crypto trading.
The Blockchain Association criticized prior SEC efforts to impose equity-style regulations on crypto, saying such measures fail to consider the technology’s decentralized nature. It urged the commission to embrace innovations that allow peer-to-peer transactions and user-held assets.
“The Commission should leverage technological and market innovation instead of dictating the specific ways that trading takes place,” the group said.
The comment period continues as the task force evaluates a broad range of stakeholder submissions.
