The Blockchain Association has urged the newly appointed U.S. Securities and Exchange Commission (SEC) to adopt a more flexible and gradual approach to cryptocurrency regulation, according to Odaily. They argue that as blockchain technology rapidly develops, overly restrictive policies could stifle innovation and impede the adoption of new applications. The association emphasizes that stringent regulations might weaken the United States’ standing in the global blockchain market. Previously, SEC actions, including lawsuits against multiple crypto firms, have ignited controversy. The Blockchain Association recommends open dialogue with the industry to develop a regulatory framework that balances technological progress with compliance.