US regulators have removed gossip with the SEC-CFTC combine, switch to cut off crypto’s ‘FUD’
Officials with the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have encountered for the first joint to discuss for 14 years to discuss “regulatory harmony efforts,” including potential affecting the cryptocurrency industry.
On Monday of Roundtable, the acting CFTC Chair Caroline Pham, also the last remaining commissioner with the agency following a string of removal and resignation in 2025, used His opening statement to discuss how the two cooperative agencies could significantly change the regulatory scenery for digital asset companies.
The SEC Chair Paul Atkins focuses on the cross-agencies “collaboration, not integration” during his opening statement, clarifying that there is no plan to combine the two agencies, “which will be up to Congress and the President.”
Pham said “he will take a moment to dismiss some of the FUD (fear, uncertainty and doubt)” about the CFTC operation in crypto.
According to the CFTC’s acting seat, the agency took 18 actions that did not include implementation cases from January 20, when he took a helmet to the regulator, until September 3. He reported that there were 13 actions that implemented the same period, some of them includes suits involving digital possessionsand 14 actions since September 4.
“I think you’ll find that the CFTC is alive and well, and it doesn’t have to be funny about what’s going on on the other side of the town,” Pham said.
SEC-CFTC Roundtable, which continues at the time of publication, Includes panels featuring executives From cryptocurrency companies Kraken and Crypto.com. Pham is the only one currently serving the CFTC member who attends the event, even former CFTC chairman J. Christopher Giancarlo and former commissioner Jill Sommers are moderated panels.
Related: Crypto Execs meet US lawmakers, discuss Bitcoin Reserve, Market Structure Bills
The circle between the two United States financial regulators arrived while the government was Poised for a potential shutdown Amidst partisans who misunderstand health care cuts from a July budget proposal.
Shutdown will effectively stop all activities in Congress, including the consideration of a market structure bill in the Senate, which is expected to clarify the duties that the SEC and CFTC will have the supervision of digital properties.
There is no expected replacement for the CFTC chair
In addition to a potential government’s shutdown to stop the law in Congress, it could further delay the confirmation of a replacement for Pham to lead the CFTC. The acting chair said in May He planned to move “to the private sector” if the Senate confirmed Trump’s choice, former commissioner Brian Quintenz.
https://www.youtube.com/watch?v=sumyysrjvzm
After Trump’s nomination of Quintenz in February, the Senate Agriculture Committee is set to vote for the CFTC chair prospect before Recessing in August. However, the committee Reported by White House that the vote is delayed.
Gemini co-founders Cameron and Tyler Winklevoss were reported behind the White House request. Winklevoss twins are Trump’s supporters And at first Quintenz’s nomination was praised.
The CFTC’s prospect’s head Released texts between himself And the Winklevosses in September, suggesting that Gemini’s co-founders wanted some certainty about the agency’s implementation actions.
As of Monday, Quintenz’s confirmation hearing did not appear on Senate calendars, and reports suggested that Trump is considered the other candidates.
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