U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins, confirmed in April, testified before the Senate Appropriations Subcommittee on Financial Services and General Government, outlining a shift in the agency's approach to cryptocurrency regulation. Atkins stated that the SEC will prioritize 'rational' rulemaking and transparency, moving away from regulation by enforcement. Atkins emphasized that future crypto policy will be shaped through public rulemaking using the notice and comment process, rather than through enforcement actions. He highlighted the need for clear rules to protect investors. The agency's approach marks a departure from the tenure of predecessor Gary Gensler, which was characterized by enforcement actions against crypto firms. The SEC's evolving stance comes as Congress considers the Digital Asset Market Clarity (CLARITY) Act, which would exempt most crypto assets from SEC jurisdiction and establish a new legal framework. Lawmakers are debating whether oversight of digital assets should remain with the SEC or be transferred elsewhere. Rep. Bryan Steil, chair of the House Financial Services Subcommittee, stated the bill aims to secure American dominance, democratize digital assets, and protect consumers from fraud. Atkins also referenced the agency's newly established Crypto Task Force, noting that a key aspect of its work could be completed within months. The SEC has recently dropped several high-profile lawsuits against crypto firms and issued guidance exempting certain staking activities from securities regulation. An upcoming DeFi roundtable is also planned. A series of Congressional hearings, including those on the CLARITY Act, digital asset market structure, and Crypto Market Infrastructure, are ongoing as policymakers debate the future regulatory framework for digital assets in the United States.