The Blockchain Association Urges SEC for Progressive Crypto Rules
By: coincu news|2025/05/04 09:15:01
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Blockchain Association seeks progressive regulation from the SEC under new chair Paul Atkins, aiming to improve U.S. competitiveness. The association emphasizes flexible policies to avoid stifling innovation. The appeal for flexible regulation aims to foster innovation and retain U.S. competitiveness in the blockchain sector. The Blockchain Association highlights potential benefits for U.S. crypto ventures. Blockchain Association Urges SEC to Modernize Crypto Policies Blockchain Association, a leading crypto advocacy group, formally requested changes from the SEC in a letter dated May 2, 2025. It calls for flexible regulations to replace stringent policies. The association’s CEO, Kristin Smith, advocates for modernization to prevent offshoring of U.S. businesses. Immediate implications emphasize innovation and highlight risks of strict rules to U.S. competitiveness. The Blockchain Association champions open dialogue between the industry and regulators to balance compliance and innovation. Market Data and Insights Did you know? During the last major regulatory shift in 2018, similar calls for modernization led to a temporary increase in U.S. crypto market participation before stricter enforcement renewed offshore relocations. CoinMarketCap reports Ethereum’s (ETH) price is $1,833.24 with a market cap of $221.33 billion. ETH shows a 0.27% rise over 24 hours but reflects a 28.29% decline over 90 days. Trading volume dropped 22.29% in the last 24 hours, highlighting potential market uncertainties. Experts from Coincu note potential for innovative breakthroughs if policy adjustments occur. Historical trends indicate modernized regulation could boost U.S. investment in blockchain technology, fostering a robust crypto ecosystem.
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