Crypto Rules Shift: Who’s Watching the Market?

The House Financial Services Committee looked at how the SEC handles crypto. Rep. Stephen Lynch said he likes new tech but worries about recent rules. He claimed the SEC stopped many teams that fight fraud and shut down FinHub, an office that helped the agency understand digital money. Lynch said the SEC no longer pursues most crypto cases, like those against Ripple and Coinbase. The committee also heard Rep. Bryan Steil. He asked if regulators can keep up with fast‑moving tech. Steil said Congress must give clear rules and stop confusion in the crypto market.The SEC and CFTC signed a memo to work together on digital assets. Soon after, the SEC released guidance on how it views crypto under securities law. SEC Chair Paul Atkins said this is a “bridge” while Congress waits on the CLARITY Act. The act would give the CFTC more power over crypto. These moves show a shift in how U. S. regulators treat digital money. The SEC is less aggressive, and lawmakers push for clearer rules. The result will shape the future of crypto trading in America.