🚀 Buckle up, crypto fans! The SEC just got roasted in a congressional hearing, and it was a spectacle! 🍿

1️⃣ Former SEC Commissioner Daniel Gallagher, now with Robinhood, shared his "very frustrating" experience trying to comply with SEC's crypto rules. Spoiler: It didn't go well. 😅

2️⃣ The SEC faced a barrage of criticism from both Republicans and crypto-friendly Democrats. The consensus? The SEC's approach to digital assets is as clear as mud. 🏴‍☠️

3️⃣ Gallagher argued that Congress needs to step in to provide long-term clarity, but the SEC could start by offering provisional relief now. Innovation waits for no one! 💡

4️⃣ Lawmakers also grilled the SEC on Prometheum Inc. and the confusing term "crypto asset security." 🤔

5️⃣ Democrats highlighted fraud in the industry, with Rep. Sean Casten and Rep. Brad Sherman taking shots at Trump’s crypto project. Drama alert! 🎭

What do you think? Is the SEC holding back crypto innovation? Drop your thoughts below! ⬇️