Collaboration between CFTC and SEC in Crypto Regulation
Commodity Futures Trading Commission (CFTC) acting chair Caroline Pham recently announced that the regulator is actively working with the US Securities and Exchange Commission (SEC) on matters related to cryptocurrencies.
Joint Effort for Crypto Regulation
- Restarted conversations at the staff level between CFTC and SEC
- Planning a joint effort to address crypto regulation in the US
- Reviving the Joint Advisory Committee for regulatory concerns
Multi-layered Cooperation
Pham also mentioned that the regulator is collaborating with the White House’s “Crypto Czar,” David Sacks, with positive outcomes. SEC Commissioner Hester Peirce, leading the regulator’s Crypto Task Force, emphasized the importance of having clarity in crypto regulations and defining boundaries for SEC regulation.
- Engaging with the White House’s “Crypto Czar,” David Sacks
- Working on defining boundaries for SEC regulation in crypto
- Public feedback on rulemaking efforts is crucial
Public Participation in Regulatory Matters
“The people affected by the rules should have a place in making them.” – SEC Commissioner Hester Peirce
The SEC Crypto Task Force has announced a series of public and online roundtables on crypto rulemaking, with the first session scheduled for Mar. 21.
Changes in US Crypto Regulatory Landscape
- White House’s first crypto summit on Feb. 28
- President Donald Trump to reveal US Bitcoin reserve strategy
- SEC ending lawsuits and investigations against crypto entities
Significant developments in the US crypto regulatory landscape indicate a shift towards clearer regulations and collaborative efforts between regulatory bodies.
