Timothy Massad, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), proposed avoiding the whole debate (of "enforcement regulation" and "registration") by creating a self-regulatory organization (SRO) when it comes to cryptocurrency regulatory solutions. Accept the oversight of the SEC and CFTC to develop a common set of investor protection standards for cryptocurrency intermediaries and the digital assets traded on them.

Massad also added that he is not worried about other jurisdictions overtaking the U.S., noting that implementing new laws such as the EU Markets in Cryptoassets (MiCA) regime will be more complicated than people think.