EddieJayonCrypto

 5 Mar 25

tl;dr

The Commodity Futures Trading Commission (CFTC) acting chair, Caroline Pham, has confirmed that the regulator is collaborating closely with the US Securities and Exchange Commission (SEC) on crypto-related matters. This joint effort aims to revive the Joint Advisory Committee, inactive since 2014, t...

CFTC and SEC confirm joint effort to tackle crypto regulation

The Commodity Futures Trading Commission (CFTC) and US Securities and Exchange Commission (SEC) are collaborating on crypto-related matters with the aim of reviving the Joint Advisory Committee, inactive since 2014, to address shared regulatory concerns. This multi-layered cooperation involves engagement with the White House's "Crypto Czar" David Sacks, and the SEC's Crypto Task Force working on defining the boundaries of SEC regulation. The SEC has announced a series of public and online roundtables on crypto rulemaking. This joint effort signifies a significant change in the US crypto regulatory landscape, including the White House's first crypto summit and the conclusion of investigations and lawsuits against various crypto entities.

CFTC acting chair Caroline Pham confirmed the close collaboration with the SEC, emphasizing the need to work together and expressing eagerness to return to regular order. SEC Commissioner Hester Peirce, head of the regulator's Crypto Task Force, echoed Pham's remarks and stressed the importance of public feedback on rulemaking efforts. The announcement comes amidst a changing US crypto regulatory landscape, including the White House's first crypto summit and the SEC's conclusion of investigations and lawsuits against various crypto entities. This collaboration demonstrates a proactive approach to regulating the evolving crypto space.

The regulator's engagement with the White House's "Crypto Czar" and the prioritization of public feedback highlight a comprehensive effort to ensure clarity and inclusivity in crypto regulation. As the US regulatory landscape continues to evolve, this joint effort between the CFTC and SEC sets a precedent for proactive and collaborative approaches to crypto regulation.

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