U.S. SEC and CFTC Harmonize Crypto Policies as Top Priority

The U.S. SEC and CFTC are collaborating to harmonize policies for the digital assets market.
SEC Chairman Paul Atkins emphasized that cryptocurrency regulation is a top priority.
The SEC will oversee crypto securities, while the CFTC, pending Congressional approval, will supervise most digital asset transactions.
Both agencies aim for seamless coordination to allow firms and apps to navigate both securities and commodities markets easily.
CFTC Acting Chairman Caroline Pham declared an end to past conflicts between the two agencies, ensuring rapid progress under her leadership.
Asset tokenization is a focus area, but regulatory frameworks might take "a year or two" to develop.
Speculation about a potential merger of the SEC and CFTC was dismissed by Atkins as "fanciful."