Tim Massad isn't wrong. Congress needs to put out a framework. What's a security (SEC reg), what's a commodity (CFTC reg), what's a banking product (deposit/mmf - Fed/OCC), and what falls in the middle & determine who (if anyone) oversees that & let regulators create/extend rules
Senate Banking and Housing Democrats
Senate Banking and Housing Democrats10.7.2025
Senator Kennedy: I'm really worried we're going to get this wrong. Why is the digital asset industry so scared of being regulated by the SEC? Watch @timmassad break down why Congress needs to step up — and pass crypto rules that don’t crash the financial system.
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