Howard Fischer was recently quoted in an article on Cointelegraph.com "Congressional crypto hearing illustrates political stalemate on digital assets"

What we’re witnessing is a political stalemate, and it isn’t going to break down any soon, according to Fischer. Efforts to explicitly strip the SEC of regulatory and enforcement authority are not likely to succeed, whether they are aimed at conferring that authority on the CFTC or a new self-regulatory organization. And the financial climate of the crypto industry won’t help these efforts, Fischer suggests:

“That would be seen by many as a backdoor way of giving digital asset firms freedom from regulation. While that might have been politically feasible early last year, the cycle of crypto collapses since then makes it unlikely.”