"Congress Takes Charge: Setting U.S. Digital Asset Policy and Expanding Oversight of Crypto Activities"

The U.S. Securities and Exchange Commission (SEC) is covertly undermining the blockchain industry and hindering its progress by manipulating rules and regulations, according to Matt Walsh, a founding partner of Castle Island Ventures. Walsh argues that the SEC's actions are preventing trusted institutions from offering services, forcing innovation offshore, and impeding capital formation for U.S. companies. He believes that Congress, not the SEC, should be responsible for setting digital asset policy and enacting market structure reforms to protect investors and promote the growth of the industry.