PANews reported on March 31 that according to Bitcoin.com, SEC Commissioner Hester Peirce called on Congress on March 26 at the Eighth Blockchain Summit of the Digital Chamber in Washington, D.C. to simplify cryptocurrency regulation and reduce regulatory confusion. Peirce pointed out that multiple regulatory overlaps, including the SEC, Commodity Futures Trading Commission (CFTC), Financial Crimes Enforcement Network (FinCEN), and state-level regulatory agencies, are imposing high efficiency costs on market participants and regulators. She warned: "The problem of regulatory overlap could further worsen, as crypto assets can represent financial instruments ranging from cash to securities or futures contracts, and even valuable artworks."

To this end, Peirce made seven specific recommendations to legislators: 1. Oppose establishing a new regulatory agency, and suggest that Congress authorize existing regulatory agencies 2. Limit the scope of new regulations to platforms operating in the US or targeting US users 3. Implement federal priority in interstate commerce to mitigate conflicts with state laws 4. Have Congress designate specific federal agencies to regulate specific crypto asset categories 5. Clarify that laws allow the SEC or CFTC to regulate platform trading of various crypto assets (including non-securities assets) 6. Apply traditional financial market regulatory principles to the crypto field, recommending trading venues operate in reference to alternative trading systems 7. Safeguard Americans' peer-to-peer financial interaction rights and prevent centralized overreach. Peirce also emphasized that the revised framework must maintain regulatory effectiveness: "Regulatory agencies should retain oversight and review rights over trading platforms and take enforcement actions against violations of customer protection rules, insider trading, and disclosure violations."