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

Published by
Vignesh S G

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 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.

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.

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.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

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