United States securities laws are not equipped to handle digital assets, as shown by the struggles of crypto-native companies trying to comply with the Securities and Exchange Commission (SEC), according to Rodrigo Seira, special counsel to Cooley LLP. During a House Committee hearing on April 9, Seira, along with other experts, discussed the need to align securities laws with the digital age. Seira emphasized that the current regulatory framework is not suitable for regulating crypto projects, as they face challenges in registering their tokens under federal securities laws. Representative Bryan Steil acknowledged the regulatory obstacles faced by the industry and highlighted efforts to pass legislation to address these issues, such as the STABLE Act and the GENIUS Act. The next focus is on advancing comprehensive digital asset market structure legislation to provide a clear regulatory framework for digital assets.