SEC Chair to Advance Crypto Regulation Within Legal Authority

SEC Chairman Gary Gensler stated that the agency will proceed with cryptocurrency regulation within its statutory authority, irrespective of congressional legislation. Speaking at a Solana Policy Institute event on April 14 (local time), Gensler urged Congress to process the Clarifying Law Act while emphasizing SEC's commitment to regulatory efforts regardless of legislative outcomes. According to CoinDesk, Gensler identified asset issuance, transfer, and custody as the three pillars of SEC's regulatory agenda for virtual assets. SEC official materials also confirm Gensler's April 14 remarks. CoinDesk reported that the SEC is advancing proposals including 'Regulation Crypto Assets,' revising transfer agent rules to reflect blockchain technology, and developing guidelines for investment advisers holding virtual assets.