US regulators step up crypto coordination
US Securities and Exchange Commission (SEC) chairman Paul Atkins said the agency is sharpening its focus on cryptocurrency during a roundtable held on Monday.
“It is a new day at the SEC and CFTC. The era of regulatory fragmentation is ending. The age of harmonised, innovation-friendly oversight is here,” Atkins declared.
The roundtable, hosted by the SEC, was aimed at coordinating policy with the Commodity Futures Trading Commission (CFTC), another primary US financial regulator.
Atkins emphasised the need for the two agencies to work together to create a more innovation-friendly regulatory ecosystem.
Under the current framework, the SEC will continue overseeing cryptocurrency securities, while Congress is expected to grant the CFTC expanded authority to supervise most digital asset transactions.
Atkins also pushed back against speculation of a potential SEC-CFTC merger, deeming it “imaginative.”
The event underscored greater interagency cooperation and featured digital asset and blockchain experts from major industry players, including Kraken, Crypto.com, Polymarket, Kalshi, and Robinhood Markets.