SEC Commissioner Hester Peirce stated that the U.S. Securities and Exchange Commission is proactively advancing cryptocurrency regulation without waiting for new legislation from Congress. She emphasized that the SEC is currently working on rulemaking efforts that will be consistent with any forthcoming market structure legislation. This approach signals the agency's intent to shape crypto regulation independently and promptly. Meanwhile, industry groups including a16z and the DeFi Education Fund have urged the SEC to establish a regulatory safe harbor for decentralized applications such as decentralized exchanges and crypto wallets to provide clearer protections for developers and support onchain market growth. Peirce also highlighted the importance of clear disclosures for investor protection, particularly as tokenized securities and assets become more prevalent. The SEC's openness to working with firms on U.S. equity tokenization was noted by Ondo Finance, which is developing tokenized U.S. Treasuries and plans to offer tokenized U.S. stocks, aiming to improve financial products in emerging markets.