The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have announced a joint effort to align their approaches to crypto regulation, signaling a potential shift toward clearer and more coordinated oversight of digital asset markets.
SEC Chair Paul Atkins and newly appointed CFTC Chair Michael Selig are scheduled to speak at a harmonization event next week focused on regulatory coordination between the two agencies. The discussion is intended to address long-standing concerns from market participants about unclear and overlapping jurisdictional boundaries.
In a joint statement, the chairs emphasized that innovation has been constrained by misaligned regulatory structures rooted in legacy frameworks, and said the event aims to support growth under American law and regulatory standards.
The event comes as lawmakers continue work on a crypto market structure bill designed to clearly define the regulatory roles of the SEC and CFTC. Progress in the Senate has been uneven, with delays tied to efforts to secure bipartisan backing.
Recent draft proposals have sparked controversy by introducing new limits on stablecoin yields and decentralized finance, prompting some industry participants to withdraw support.
Clearer coordination between the SEC and CFTC could reduce regulatory uncertainty, improve compliance clarity, and encourage domestic innovation. However, ongoing revisions to the legislation suggest that the final framework remains in flux.
The upcoming harmonization event is seen as a critical step toward resolving fragmented oversight and shaping the future of US crypto regulation.
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