Officials from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) met at the first joint roundtable in about 14 years to discuss “regulatory harmonization efforts,” including those that could affect the cryptocurrency industry.
During Monday’s roundtable, CFTC Chairman Caroline Pham, who is also the agency’s last remaining commissioner following a string of departures and resignations in 2025, used her opening statement to discuss how the two agencies can work together to significantly change the regulatory landscape of digital asset companies.
In his opening statement, SEC Chairman Paul Atkins focused on “cooperation” by ministries and made it clear that there is no plan to combine the two agencies “to be left to Congress and the President.”
“I said it would take a little time to wipe out some of the FUD,” Fam said. [fear, uncertainty and doubt]Regarding CFTC cryptographic operations.
According to the acting CFTC Chair, the agency has taken 18 steps from January 20th that did not include enforcement lawsuits when it was at the helm of the regulator. She reported that there were 13 enforcement actions over the same period.
“I think we’ll make sure the CFTC is alive. There needs to be no more FUD on what’s going on on the other side of town,” Pham says.
The SEC-CFTC roundtable ongoing at the time of publication included a panel featuring Cryptocurrency Companies Kraken and Crypto.com executives. Fam was currently serving as a member of the CFTC, who was attending the event, and former CFTC chair J. Christopher Giancarlo and former commissioner Jill Somers presided over the panel.
Related: Crypto executives meet with lawmakers meeting us to discuss Bitcoin Reserve, market structure bills
The roundtable between two US financial regulators came as the government is poised for a potential shutdown amid a partisan conflict over health cuts from the July budget bill.
The closure effectively halts all activities of the Congress. This includes examining the Senate market structure bill. This is expected to clarify the role of the SEC and CFTC in overseeing digital assets.
No replacement for CFTC chairs is expected yet
In addition to the potential government shutdown to halt legislation in Congress, it could further delay the confirmation of alternatives for PHAM to lead the CFTC. The representative committee chair said in May that he plans to move “to the private sector” if the Senate confirms Trump’s pick.
https://www.youtube.com/watch?v=sumyysrjvzm
After Trump nominated Quintenz in February, the Senate Agriculture Committee was scheduled to vote for the future CFTC chair before he was bored in August. However, the committee reported that the White House requested that the vote be delayed.
Gemini co-founders Cameron and Tyler Winklevoss were reportedly behind the White House demands. The Winklevoss Twins are Trump supporters and initially praised Quintenz’s nomination.
The CFTC future head released a text between himself and Winklevosses in September, suggesting that Gemini co-founder wanted certain assurances regarding the agency’s enforcement action.
As of Monday, Quintenz’s confirmation hearing had not appeared on the Senate calendar. The report suggests that Trump is considering other candidates.
magazine: ‘Help! My robot vac is stealing my bitcoin: when smart devices attack