Crypto is ‘Job One’ as US SEC, the CFTC has moved to unity with the rules: Chairman Atkins
Washington, DC – US Commission Chairman Paul Atkins said “Crypto is Job One” as his agency Hosting a Monday roundtable The Commodity Futures Trading Commission is dedicated to linking the work policy with its sister regulator, the Commodity Futures Trading Commission.
Both agencies are scheduled to have central management duties in the digital market of assets in the US, along with the SEC that oversees crypto security and the CFTC – especially after it is expected to be given more Authority of Congress – administering most digital transactions assets. But the leaders of both said they wanted the boundaries between security and seamless goods, allowing single companies or even apps to cross both without difficulty.
“Our two agencies should work in the lockstep,” Atkins told a majority of financial compliance attorneys and industry representatives at the SEC headquarters in Washington. “What matters is to develop a plot in which our agencies coordinate seamlessly.”
Read more: Sec, CFTC leaders said
CFTC chairman Caroline Pham added, “It’s a new day, and the Turf War is over.”
While this is an unusual strong emotion from these agencies, which often contradicts each other, the CFTC side still does not have a permanent leader to ensure that strategic decisions will not move under the new management. But Pham spent some of his time on the microphone ensuring that most of his agency moves fast under his leadership.
“The CFTC is alive and well, and it has to be fud about what’s going on,” he said, stimulating the common crypto-world acronym for “fear, uncertainty and doubt.”
Atkins commented on the CFTC leadership under Pham, with whom he became cooperating with crypto initiativesas “full-speed ahead.”
On the sides of the roundtable event, the SEC chairman told reporters that “obviously, the top priority today is crypto.”
He said in response to a question from CoinDesk President Donald Trump “Type Gauntlet has laid the Gauntle” and wants to sign a market structure bill by the end of the year. “We’ll see how that goes.”
The asset tokenization would be a particular area of the SEC focus, he said, even though he said it could take “a year or two” to build regulations that guard around the activity.
“The potential is quite endless,” he said.
The Atkins also removed the speculation about the integration of the SEC and CFTC, called it “fanciful.”
Monday of Roundtable is the latest SEC event that puts the focus on the crypto space, even though this one represents a broader cooperation between agencies. Weighing panels are digital assets and blockchain leaders from companies such as Kraken, Crypto.com, Polymarket, Moldi and Robinhood Markets.
