In brief
- The SEC and CFTC leadership have called for “harmonization” after years of overlap and conflict.
- The push comes amid rapid changes in U.S. crypto policy under the Trump administration.
- Officials stressed cooperation, not consolidation, as the crypto industry pushes for clarity.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said Monday they will work more closely together, beginning with crypto markets, in an effort to reduce duplication and regulatory conflict.
The pledge came after a joint regulatory roundtable in Washington, D.C., and marks what leaders described as a turning point for American financial oversight.
“For too long, the SEC and CFTC have operated in parallel lanes, too often in conflict with one another, leaving the American public to bear the costs of duplication, delay, and uncertainty. That era is behind us,” SEC Chair Paul Atkins said in prepared remarks. “We are charting a new course, one that will solidify America’s position as the world’s financial leader.”
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Author: Callan Quinn
