For years, the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have struggled with crypto regulation and jurisdictional clashes. Unfortunately, this has resulted in uncertainty for many businesses, including Web3 firms.
According to history, the SEC has treated most digital assets as securities, while the CFTC has maintained that cryptocurrencies like Bitcoin fall under its commodity oversight. This unclear regulatory territory has led to inconsistent enforcement and policy confusion.
US SEC and CFTC To Work Together
At a recent fintech symposium in Washington, D.C., the CFTC’s leadership revealed a renewed effort to collaborate with the SEC.
American journalist Eleanor Terrett reported on X that Acting Chair Caroline Pham stressed the implications of fixing the barrier between the two regulatory agencies. This will help them address digital asset oversight more effectively and cohesively.
Furthermore, SEC Commissioner Hester Peirce,
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