Internet reported that SEC Chairman Paul Atkins promised to establish a "rational regulatory framework" for crypto assets at a Senate hearing on Tuesday, emphasizing that policies would be implemented through rule-making and transparency rather than enforcement action. He said "clear rules are crucial to protecting investors from fraud" and criticized the suppression of innovation under his predecessor, Gensler. At the same time, members of Congress have proposed the CLARITY Act, which aims to remove most crypto assets from the jurisdiction of the SEC and establish a new legal framework. Atkins also mentioned that the SEC's newly established Crypto Task Force and the upcoming DeFi Roundtable will support industry innovation and are expected to bring benefits such as efficiency improvements and risk mitigation.