The Blockchain Association has urged the SEC to adjust its regulatory approach towards cryptocurrencies, proposing that existing equity market structures don’t adequately reflect blockchain technology’s decentralized nature. The association argues this outdated framework could stifle innovation in US markets. Kristin Smith, Executive Director of the Blockchain Association, stressed the need for regulations that recognize the unique characteristics of blockchain. This appeal aligns with SEC Commissioner Hester Peirce’s calls for a more flexible approach to crypto regulation. If adopted, these changes could improve investor access and promote greater innovation by better acknowledging the real-time settlement and cost-efficiency advantages offered by blockchain technology.