SEC and CFTC Announce Joint Roundtable to Discuss Crypto Regulations
The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are organizing a joint roundtable to enhance the regulatory environment for financial firms, including crypto businesses. Key details include:
- Roundtable to address prediction markets, decentralized finance, and 24/7 trading.
- SEC Chair Paul Atkins and Acting CFTC Chair Caroline Pham emphasize collaboration over jurisdictional disputes.
- Prior disagreements existed over classifications of crypto assets as securities or commodities.
- Atkins mentioned self-regulatory organizations (SROs) will handle most oversight for 24/7 trading markets.
- Both agencies aim to attract innovators back to the U.S. from overseas markets.
Pham indicated that current staffing levels at the CFTC are adequate for their regulatory responsibilities.