Paul Atkins, the chair of the U.S. Securities and Exchange Commission (SEC), alongside Commissioner Hester Peirce, addressed the ETHDenver conference, focusing on the clarification of how tokenized securities align with current federal securities laws in light of recent volatility in the crypto markets.

During the event, they emphasized that establishing clearer guidelines would provide developers and investors with better regulatory certainty. They discussed concerns regarding the recent trend of declining cryptocurrency prices, particularly Bitcoin and Ether, which fell by significant percentages in the past month. Atkins stated:

“As regulators, the best thing we can do is to ensure that the rules governing the asset classes we regulate enable people to have the information they need to express their market sentiments through decisions about whether to buy, sell, or hold the assets at issue.”

Despite no direct comments on an upcoming market structure bill currently in Congress, Peirce noted that the SEC has offered technical assistance. The bill, known as the CLARITY Act, could potentially transfer much of the SEC’s digital asset oversight to the Commodity Futures Trading Commission (CFTC).

ETHDenver, one of the largest gatherings in the cryptocurrency space, is taking place this week in Colorado, bridging connections between developers and industry leaders.