A US House panel has debated different approaches to digital asset regulation at the Securities and Exchange Commission (SEC), with ranking member and Massachusetts Representative Stephen Lynch expressing concern over recent regulatory developments. Lynch accused the SEC of erasing several teams responsible for managing scams and frauds and dismantling FinHub, an office that built the agency's technical expertise on digital assets and fintech. The panel also highlighted concerns about whether regulators were prepared to meet the moment on technologies like digital assets. The SEC and the Commodity Futures Trading Commission signed a memorandum of understanding earlier this month to coordinate oversight of financial markets, including digital assets, and the SEC issued an interpretative notice on how it intends to treat these assets under federal securities laws.