The lawmaker said regulation should add basic guardrails for digital assets without expanding the powers of the SEC (U.S. securities regulator) or CFTC (U.S. derivatives regulator).
The GOP Majority Whip said crypto regulation should rely on "light touch" guardrails rather than giving more authority to the SEC (U.S. securities regulator) or CFTC (U.S. derivatives regulator). Speaking on The Policy Protocol, he argued that agencies should serve the public instead of "ruling over them," citing former SEC Chair Gary Gensler as an example of overreach. The comments reflect a broader policy debate over how far U.S. regulators should go in overseeing digital assets.