US Regulators Discuss Crypto Regulation at Historic SEC-CFTC Roundtable
- The SEC and CFTC held their first joint roundtable in approximately 14 years to address regulatory harmonization for the cryptocurrency sector.
- Acting CFTC Chair Caroline Pham reported that the agency undertook a total of 18 actions, excluding enforcement cases, from January to September.
- SEC Chair Paul Atkins emphasized collaboration between the two agencies but confirmed there are no plans for a merger.
- The roundtable included discussions with executives from cryptocurrency firms like Kraken and Crypto.com.
- A potential government shutdown could delay legislative actions affecting digital asset oversight, including the confirmation of a new CFTC chair.
The meeting highlights ongoing efforts by US regulators to clarify their roles in overseeing digital assets amidst rising concerns about market structure and enforcement actions. The discussions come at a crucial time as Congress faces potential shutdowns that could impact future legislation.
As noted, the CFTC has taken significant steps with over a dozen enforcement actions this year, underscoring its active role in regulating crypto. (Source)
