SEC, CFTC Pledge Closer Cooperation on Crypto Oversight

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have committed to enhanced collaboration in regulating cryptocurrency markets. This move aims to reduce regulatory overlap and conflicts that have previously created uncertainty for market participants.

SEC Chair Paul Atkins described the joint initiative as a turning point for U.S. financial oversight, emphasizing the need to eliminate duplication and streamline processes. The agencies plan to maintain separate jurisdictions while improving coordination, particularly in the rapidly evolving crypto sector.

The announcement comes amid significant shifts in U.S. digital asset policy, with regulators seeking to balance innovation with investor protection. Market participants have long called for clearer guidelines as the crypto industry continues to mature.