CFTC and SEC Consider Joint Strategy for U.S. Crypto Regulations

Just a day after Brian Quintenz was appointed as the new chairman of the Commodity Futures Trading Commission (CFTC), a new report has surfaced, suggesting a possible collaboration between the CFTC and the U.S. Securities and Exchange Commission (SEC). The report, authored by journalist Eleanor Terret, has stirred excitement in the cryptocurrency community.

Many believe that if the two agencies work together, it could lead to a clearer and more balanced regulatory environment for crypto in the U.S.

US SEC and CFTC Collaboration: What You Should Know 

Terret’s report reveals that the agencies are actively discussing ways to cooperate on cryptocurrency regulation. One key possibility is the revival of the CFTC-SEC joint advisory committee, which was originally created in 2010 but has been inactive since 2014.

If reinstated, this committee could help both agencies coordinate their approach to overseeing digital assets.

Regulators Push for a Joint Approach

Caroline D. Pham, the acting CFTC chair, has been a strong advocate for reinstating the joint committee. She argues that collaboration between the CFTC and SEC is essential for creating fair and effective crypto regulations.

SEC Commissioner Hester Peirce, who was appointed by President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President to lead efforts on crypto regulation, has also voiced strong support for working together. She believes a cooperative approach would provide much-needed clarity for the industry.

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Pro-Crypto Leadership Steps In

Brian Quintenz’s appointment to the CFTC signals a shift in leadership. Before this role, he was involved with a16z Crypto, a major venture capital firm investing in blockchain and Web3 startups. His background suggests a deeper understanding of the crypto industry.

Meanwhile, pro-crypto advocate Paul Atkins is rumored to be a leading candidate to head the SEC under the Trump administration. If appointed, his leadership could further align crypto regulations with industry realities.

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With Quintenz at the CFTC and the potential appointment of Atkins at the SEC, the new administration appears to be prioritizing leaders who understand digital assets – something many in the industry have long been hoping for.