Recent statements by SEC Chairman Gary Gensler regarding Crypto Assets regulation have attracted industry follow.

Mars Financial News, on May 21, according to Cointelegraph, former SEC official Paul Atkins revealed that Gensler may push for more crypto regulatory measures in a few months. Atkins noted that the SEC is accelerating the development of a regulatory framework for digital asset classification and trading platforms, which may focus on token offering compliance, exchange registration and investor protection. The SEC has increased enforcement actions against the crypto market by 50%, launching more than 30 related lawsuits in 2023 alone. According to industry analysts, this move may clarify the regulatory stance before the 2024 election, but excessive intervention may inhibit innovation. It is worth noting that bipartisan congressmen recently jointly introduced the Digital Asset Market Structure Act, trying to establish a clearer crypto regulatory system and form a counterbalance with the SEC.