SEC and CFTC consider joint committee for crypto oversight revival
SEC and CFTC discuss unifying crypto regulations
A recent post by a FOX News journalist on X suggests that two key regulatory agencies in the United States—the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC)—are in discussions about re-establishing their joint oversight committee for cryptocurrency regulations.
Citing an inside source, the journalist claimed that the agencies could soon form a unified board to streamline crypto governance, possibly within the next few weeks.
Regulatory oversight resumes after a period of inactivity
The SEC-CFTC joint advisory committee played a role in coordinating regulatory approaches to financial markets, including digital assets. However, internal challenges led to its inactivity in recent years. Now, there are increasing signs that the committee could be revived to ensure a more structured and impartial regulatory framework for cryptocurrencies.
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Although neither the SEC nor the CFTC has officially confirmed the initiative, CFTC Commissioner Caroline Pham previously voiced support for re-establishing the joint regulatory body. In a 2024 statement, she emphasized the need for stronger collaboration between the agencies to create balanced policies for digital assets.
Changing leadership and the SEC’s new approach to crypto
Over the years, both the SEC and CFTC have taken aggressive enforcement actions against crypto firms, collectively imposing more than $1 billion in fines. However, experts argue that a more unified regulatory approach could establish clearer compliance frameworks, reducing the legal uncertainties that have long plagued the sector.
Approximately 45% of the future direction of the cryptocurrency industry is believed to depend on U.S. regulatory decisions. If the nation adopts a more favorable stance toward digital assets, cryptocurrencies could achieve unprecedented milestones in global finance.
The regulatory landscape for cryptocurrencies has seen a shift, particularly following the departure of Gary Gensler from his role as SEC Chair. After Trump’s victory, Gensler stepped down and transitioned into academia, currently serving as a professor at MIT.
In the interim, former SEC Commissioner Mark Uyeda has taken on the role of acting SEC Chair. Under his leadership, the agency has already authorized the formation of a specialized task force to address cryptocurrency-related issues.
