The Senate Appropriations Committee Financial Services and General Government Subcommittee held a hearing to receive testimony from SEC Chair Paul Atkins on the agency’s FY 2026 budget request. Chair Bill Hagerty (R-TN), Ranking Member Jack Reed (D-RI), and Sen. Chris Coons (D-DE) asked about the agency’s plans to regulate digital assets, while Chair Atkins indicated that the SEC is working toward proposing regulations for the industry and that a key aspect of the Crypto Task Force’s work could be complete within a matter of months.