SEC and CFTC Discuss Unified Regulatory Approach to Cryptocurrencies
Date: 2025-02-14 Author: Henry Casey Categories: CRYPTO PAYMENTS
Discussions on cooperation between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are gaining momentum. According to Fox Business, journalist Eleanor Terrett reported that the agencies are considering options for more coordinated regulation of the cryptocurrency market. One of the key proposals was the revival of the joint advisory committee, created back in 2010, but not functioning since 2014.
Acting CFTC Chair Caroline Pham is a strong supporter of the idea of restarting the committee. In 2024, she came up with an initiative to update it, emphasizing the need to develop a new, more unified approach to regulating digital assets in the United States.
In parallel with these processes, the SEC and Binance filed a request to stay the proceedings for 60 days. This decision has sparked discussions among experts about possible changes in the SEC's enforcement strategy. Many speculate that such a move could mean a revision of regulatory priorities, especially against the backdrop of changes in the commission's leadership.
Earlier, there were personnel changes in the financial oversight sphere: Donald Trump appointed Brian Quintenz, who is responsible for the cryptocurrency direction at a16z, as the CFTC chairman. This appointment could have an impact on the agency's future policy regarding digital assets.
